Search
 

TA Associates Buys Industrial Asset in Value-add Play

ELKRIDGE, MD—Another example of institutional capital targeting industrial assets in the Baltimore-Washington Corridor.

By Erika Morphy | Updated on October 01, 2014

ELKRIDGE, MD—It has been clear for some time that institutional capital is enamored with industrial assets in the Baltimore-Washington Corridor; now it is becoming clear by just how much. In short, all assets are in play – and that includes opportunistic properties with a 32% occupancy rate.

That describes a recent purchase by TA Associates  – a 205,800-square foot warehouse within the Route 100 Industrial Park that is 68% vacant. The sale of the property, located at 6930 San Tomas Rd., was brokered by Jonathan M. Carpenter, Nicole R. Keelty and Graham Savage of Cassidy Turley‘s Capital Markets team. They represented the seller, Morgan Stanley.

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.