(To read more on the industrial market, click here.)
JESSUP, MD-Bechtel Corp. has signed a lease for 26,600 sf of space in the 57,300-sf 8280 Stayton Dr. Bechtel's lease agreement with property owner Bavar Property Group brings the occupancy level up to 100%.
NAI KLNB's John Boote and Robert Smith represented Bavar, while CB Richard Ellis' Kim Gero repped Bechtel. Additional specifics of the lease transaction have not been disclosed.
Developed six years ago, 8280 Stayton sits in the Route 1 Corridor, just off I-95 in Howard County. Bechtel took on the space at the single-story warehouse facility--it has a facility in Frederick, MD--to accommodate a new contract. According to Delta Associates' Year-End 2005 Washington/Baltimore Flex/Industrial Market Report, the average asking rate for flex/warehouse space built between 1988 and 2005 in Howard County is $6.55 per sf.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
