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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.

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