Lee & Associates Facilitates 35 KSF Lease to Well-Known Car Dealer
- Apr 28, 2017
Lee & Associates Maryland Principal & President Allan Riorda represented used car dealership and repair facility Carbiz in leasing 35,000 square feet in Laurel, Md. Rick McCoy of Konterra Realty represented the landlord, Freestate Owner LLC.
The facility, located at 8751 Freestate Drive, will operate as Carbiz’s second showroom starting July 1, 2017. Its proximity to US Route 1 and MD Route 32 offers the business direct access to four major markets: Baltimore, Washington D.C., Annapolis and Columbia. The showroom will feature open meeting booths, foosball tables and arcade games and it will display more than 200 vehicles.
The asset is part of a larger, 105,0000-square-foot industrial building which covers approximately seven acres of land. Built in 2002, the site features 24-foot ceiling heights and 18 loading docks. Other tenants include Independent Electrical Contractors, Patterson Dental, and Carmax, Carbiz’s major competitor.
Carbiz offers pre-owned auto sales, auto loans and repair service and its flagship operation is located on Reisterstown Road in northwest Baltimore.
Earlier this week, Lee & Associates Maryland announced winning the leasing and management contract of Maryland Corporate Center in Lanham, Md.
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