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BALTIMORE-Two industrial properties in the Baltimore area have found new owners. Accounting for a total of 300,000 sf, the properties--both of which were vacant at the time of the transactions--brought in an aggregate $9 million in two separate deals.

In a $3.6-million transaction, with Jim Caronna of NAI KLNB representing both seller and buyer, 2200 Hollins Ferry LLC acquired a 205,000-sf industrial facility at 2200 Hollins Ferry Rd. from International Paper. The 75-year-old warehouse and the 12-acre parcel it occupies near the intersection of I-95 and I-295 have a current assessed value of $1.6 million.

In Glen Burnie, MD near the Baltimore-Washington International Airport, Merritt Properties purchased the 109,000-sf warehouse at 6691 Bay Meadow Dr. in the Bay Meadow Industrial Park for $5.5 million from Duty Free Americas. The 15-year-old facility occupies a nearly 10-acre parcel and has a current assessed value of $5 million, including land. NAI KLNB's Jim Caronna and Chris Kubler represented the seller and Bill Pellington of CB Richard Ellis repped the buyer.