(To read more on the industrial market, click here.)
COLUMBIA,MD-The local office of Sperry Van Ness has recently signed four separate industrial lease transactions totaling 208,000 sf in Maryland along the Washington-Baltimore Corridor. The deals were led by Scott Skogmo, a broker with the Sperry Van Ness/Skogmo Commercial office here.
Alliance, OH-based Terry's Tire Town, a tire distributor, signed a 114,478-sf lease in Odenton. It is valued at more than $4.34 million, according to Sperry Van Ness/Skogmo Commercial, which represented Terry's Tire Town. Ed Harris of CB Richard Ellis represented the landlord, Ohio-based STRS/Arundel. The property is located at 1790 Crossroads Dr.
Rhee Bros., a national food distributor, signed a $560,000, 42,107-sf lease at 6940 San Tomas Rd. in Elkridge. The landlord of the building, DCT Industrial, was represented by Ryan Commercial.
Mid-Atlantic Shredding Services Inc. signed a 16,560-sf lease worth more than $900,000 as part of an expansion. Skogmo represented the tenant and the landlord, Junction Properties LLC. The property, 9015 Junction Dr., is in Annapolis Junction.
Pink Cadillac also inked a deal in a nearby building in Annapolis Junction in order to expand its Mary Kay sales activities. The 2,930-sf lease at 9090 Junction Dr. is valued at more than $160,000. Skogmo represented Junction Properties and TriAlliance Commercial negotiated for Pink Cadillac.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
