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BALTIMORE-Four industrial buildings accounting for an aggregate 400,000 sf have been snapped up in two different transactions. The total of the sales amounted to $18.4 million.

CB Richard Ellis' Industrial and Investment Properties Groups were at the helm of the dispositions, representing the seller of Baltimore's three-building Holabird Business Park, as well as the former owner of 8000 Telegraph Rd. in Severn. "Sales and leasing of industrial properties are brisk," CBRE's Bo Cashman notes. "We have seen tenants leasing more space, pushing vacancy rates down and inflating investors' appetite for industrial product in this market."

RREEF acquired Holabird Business Park--which consists of 6615 Tributary St., and 1811 and 1831 Portal St—from First Industrial Realty Trust in a $10.1 million deal. Cashman and colleague Bill Pellington represented the seller. The three-structure warehouse portfolio features about 172,400 sf of space and is presently 70% leased with the likes of FedEx Ground serving as one of the major occupants.