Search
 

Duke Realty Sells 13-Acre Parcel

BALTIMORE- Hoffberger Holdings plans to build a 12 million cubic feet perishable food distribution center on its new land acquisition.

By Erika Morphy | Updated on July 01, 2008

[IMGCAP(1)]BALTIMORE- Duke Realty Corp. has sold a 13-acre parcel of land in its warehouse and distribution development in East Baltimore City. The development, called Chesapeake Commerce Center, has two buildings that Duke developed on spec, one of which is already partially leased.

The land parcel was sold to Hoffberger Holdings, on behalf of its business, Merchants Terminal Corp., a company that specializes in temperature-controlled logistics solutions. Hoffberge acquired the parcel for an undisclosed price. It plans to build a 12 million cubic foot food distribution center on the site. Michael Royce formerly of Cushman Wakefield represented Merchants Terminal Corp. in the transaction. As of now publication date, Royce is now heading Mid-Atlantic Industrial for Jones Lang LaSalle.

[IMGCAP(2)]This building will be the first on CCC that is not owned or operated by Duke, a spokesman for the company tells GlobeSt.com. He declined to provide the purchase price for the land. Hoffberger did not return calls in time for deadline.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.