BALTIMORE-CNX Marine Terminals Inc. has taken on extra room for its booming business by committing to an additional 295,000 sf in the Point Breeze Business Center, while signing a lease renewal for its current 238,000-sf warehouse space. The company–which is part of Pittsburgh-headquartered coal exporter Consol Energy Inc.’s team–signed on for three years for both spaces. Industrial/warehouse space in the 2-million sf mixed-use business park leases for approximately $3.75 to $15.50 per-sf.

Colliers Pinkard represented CNX in the deal, while Trammell Crow Co. stood in for the property owner, Connecticut General Life Insurance Co. Explaining CNX’s need for such a great amount of additional space in midst of the nationwide economic downturn, Trammell Crow’s Robert L. Millhauser notes that, “when the economy is slow, there is a stockpiling of basic commodities.” Point Breeze is a strategic location for CNX, as it is situated in close proximity to the Port of Baltimore and area rail service.

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