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BELCAMP, MD-Three years after having acquired the HarfordDistribution Center for $12.8 million, BPG Properties Ltd. sellsthe 316,500-sf warehouse property to First Industrial RealtyTrust's Net Lease Co-Investment Program. The center carries theaddress of 4622 Mercedes Dr. and sits on a 15-acre parcel near I-95in Harford County.

The structure was developed in 1996 and, along with the land,has a current assessed value of approximately $12 million. Thefacility has been fully occupied by a single tenant since lastNovember when cosmetics company Sephora USA Inc. expanded its leaseat the property for its central distribution center. "Thistransaction is an excellent example of our investment strategy ofadding value through proactive leasing and management of a highquality facility that is well positioned in a growing submarket,"says BPG senior vice president Roy C. Perry.