Duke Leases 58,800 SF to Agility Project Logistics in East Baltimore
- Nov 07, 2008
Duke Realty Corp. has leased 58,800 square feet of space to Agility Project Logistics at Chesapeake Commerce Center, its warehouse and distribution development in East Baltimore City, Md. The space will be used for project freight forwarding, export packing and warehousing services.Chesapeake Commerce Center, which is located adjacent to I-95, I-895 and one-half mile from the Seagirt Marine and Dundalk terminals and is served by two railroads, is gaining momentum in the market, with recent leases and land sales to companies selecting sites based on logistics and shipping efficiencies. Earlier this month, Berry Plastics Corp., a manufacturer and marketer of plastic packaging products, leased more than 183,000 square feet in there for finished goods warehousing. In June, Merchants Terminal Corp. also purchased a 13-acre parcel in Chesapeake Commerce Center for the construction of a cold storage distribution center.“We are pleased to be able to be able to provide a solution to Agility Project Logistics’ real estate needs in the Chesapeake Commerce Center. Agility’s lease, as well as other recent interest and activity in Chesapeake Commerce Center, confirms the strength and viability of this location,” John Macsherry, vice president of leasing and development at Duke Realty, said in a release. “When we began redeveloping this site, we envisioned an active warehouse and distribution hub given the logistical advantages offered by its proximity to the Port of Baltimore and other transportation amenities. Companies focused on the most efficient movement of products are finding that CCC is a superior option.”Upon final build-out, Chesapeake Commerce Center will consist of office, warehouse and distribution center buildings offering 2.8 million square feet of space. To date, approximately 460,000 square feet of space has been constructed and delivered. Chesapeake Commerce Center sits on the site of the former General Motors Broening Highway plant which Duke purchased for redevelopment in January 2006.Agility Project Logistics was represented by Jonathon Green with NAI/KLNB in the transaction, while Adam Weidner and Bill Pellington, both with CB Richard Ellis Inc., represented Duke.