DTZ Brokers Industrial Deals in Greater Baltimore
- Jan 22, 2015
By Adrian Maties, Associate Editor
DTZ, the new owner of Cassidy Turley, has kicked off 2015 in full force. Since the beginning of the year, the company has completed several leases, totaling more than 150,000 square feet of industrial space, in the Baltimore Washington Corridor.
In mid-January, DTZ announced that Lindenmeyr Munroe, a leading paper and packaging distributor, has signed a lease for 102,179 square feet of Class A bulk distribution space in Building #1 of Preston Gateway North Corporate Park. Michael Bosica, vice president of DTZ, represented the tenant in the transaction. Cushman & Wakefield represented the landlord, Preston Bruce-PGN, LLC.
The Preston Gateway North Corporate Park is located on Preston Gateway Drive, in Hanover. It occupies 81.04 acres and offers approximately 742,000 square feet of industrial space.
Just a few days later, on January 20, DTZ also announced the completion of two deals totaling 53,277 square feet. In both deals, DTZ represented Prologis. Sage Sustainable Electronics leased 33,477 square feet at 8200 Stayton Drive, while Textron leased 19,800 square feet at 8301 Patuxent Range Road. Both buildings are now fully leased.
DTZ’s Tilghman Herring and Jarred Testa represented Prologis. JLL’s Todd Hughes and CBRE’s John Boote represented Sage and Textron, respectively.
Prologis retained DTZ as the exclusive leasing agent for its Baltimore Washington Industrial Park portfolio last October. The portfolio includes eight office-warehouse buildings, with a total of 828,000 square feet of space.
This month, DTZ also brokered the sale of a 188,710-square-foot warehouse in Middle River. Regency Furniture purchased the property at 670 Chesapeake Park Plaza for $7.7 million. DTZ represented the seller, Deutsche Asset & Wealth Management. The buyer was represented by KLNB.
Photo credit: www.cushwakeindustrial.com