Lee & Associates Arranges Lease at Maryland Warehouse
- Aug 11, 2020
Lee & Associates has brokered a full-building lease at a one-million-square-foot industrial building in Hampstead, Md. President & Principal Allan Riorda, Senior Vice President Ned Brady and Principal John Van Buskirk represented the landlord, STAG Industrial. According to public records, the owner acquired the asset in 2013 for $44 million. Formerly occupied by Dart Container Corp., the asset was leased to a global leader in book publishing. Last month, another team of Lee & Associates was appointed to lease a 150,000-square-foot medical office building in Hanover, Md.
Originally built in 2000 as a distribution warehouse for Sweetheart Cup, which later became Solo Cup, the Hampstead building features 32-foot clear ceeiling heights, 85 dock doors and two ramped drive-in doors. The Class A facility also includes 10,000 square feet of office space.
Located on a 51-site at 630 Hanover Pike, the property is 12 miles west of Interstate 83. The asset is 36 miles north of the Baltimore-Washington International Airport and 30 miles north of the Port of Baltimore.