X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HAMPSTEAD, MD-In a $16.2-million transaction, Washington, DC’s BTR Capital Group has acquired 626 Hanover Pike, an 845,000-sf industrial facility. Boston-based partnership AG/GFI Hampstead Inc. sold the building and the 150-acre parcel it occupies.

Bo Cashman, Bill Pellington and Ketch Secor of CB Richard Ellis represented the seller. The property was last on the market in 1999 when it was snapped up for $2.7 million.

Developed in 1952, 626 Hanover is located in Carroll County near the Baltimore County border and just 20 miles outside Baltimore. “The strong Baltimore industrial market with less than 10% vacancy coupled with the dearth of land and stressed infrastructure within competing markets and a strong roster of tenants made 626 Hanover Pike an extremely desirable property,” Cashman says. Building occupants include food and facilities management services provider Aramark, power tool and household product manufacturer Black & Decker, and men’s apparel retailer Jos. A. Bank Clothiers, which leased 289,000 sf in the fourth quarter of last year to complement its neighboring Hampstead headquarters.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.