X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HANOVER, MD-Cleveland-based diversified power-management company Eaton Corp. is relocating its two local offices in Columbia and Elkridge, MD to occupy all of the new 50,850-square-foot distribution building at 7451 Coca Cola Dr. here–an 8,000-square-foot net expansion. Mike Norris, vice president with Scheer Partners in the company’s Tysons Corner, VA-office, represented Eaton in the lease transaction. Will McCullough and Merrill Turnbull of Lincoln Property Co. represented the landlord, a joint venture of Lincoln, Invesco and NYSTERS, the New York-based pension fund.

The space is half office, half electrical shop-assembly warehouse space, Norris tells GlobeSt.com. Eaton will house approximately 80 employees in its new Hanover location. The custom build-out for the new facility is expected to be completed next spring. Both Eaton and the landlord are contributing to its costs, he says.

The class B space is part of a three-building industrial site here, totaling 725,000 square feet on a 64-acre site. The asking rate for space is $7.75 triple net–which includes the build out, Norris says. There is still 215,000 square feet available for rent.

The custom build-out for Eaton’s new facility is slated for completion next spring, Norris says. Eaton is currently located at 9204 Berger Rd. in Columbia and 6671 Santa Barbara Rd. in Elkridge.

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
  • 1 free article* every 30 days across the ALM subscription network
  • 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 © 2021 ALM Media Properties, LLC. All Rights Reserved.