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Chesapeake Real Estate Group Buys 101 Acres from Prologis

EDGEWOOD, MD--Now the company is pondering its options and timing for the site.

By Erika Morphy | erikamorphy | Updated on January 06, 2017

Trimble Rd aerial Trimble Rd aerial

EDGEWOOD, MD–Chesapeake Real Estate Group has acquired 101 acres of land here from Prologis for an undisclosed price. The parcel, located near the intersection of Trimble Road and Emmorton Road, is suitable to build industrial/warehouse buildings totaling up to 400,000 square feet.

Now the company is investigating its options and timing for this site, says Matt Laraway, partner at Chesapeake Real Estate Group. “Our company has been extremely successful in the development and leasing of speculative warehouse and industrial product in Maryland and Pennsylvania by anticipating demand,” he says in a prepared statement.

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