Baltimore, MD – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of a 36-acre industrial site with a 200,000-square-foot warehouse located at 3501 East Biddle Street in Baltimore. The final sale price was not disclosed.
Cushman & Wakefield’s Jonathan Carpenter, Graham Savage and McLane Fisher represented the buyer, Industrial Outdoor Ventures (IOV), in the transaction. The property was sold by SK Realty.
“3501 East Biddle Street is a low coverage site strategically located just north of the Port of Baltimore,” said Savage. “The property presented investors with the opportunity to control a large land site with tremendous demand drivers from the port and staggered rollover with the existing tenants.”
The property is a 36-acre, low coverage site with 200,000-square-feet of warehouse space leased to three tenants. The site also features two acres of vacant land available to lease.
The property is located just North of the Port of Baltimore near Interstates 95 and 895, minutes away from downtown Baltimore.
“We are excited about this acquisition because it allows IOV to enter a strong market where we’ve been searching for opportunities for quite some time,” said Eric Johnson, Senior Vice President of Development & Acquisitions, Industrial Outdoor Ventures. “We’re eager to continue growing our presence throughout Baltimore and the Mid-Atlantic region in the coming months and years.”
A photo of the property can be downloaded here.