PERRYMAN, MD–An affiliate of MRP Realty is breaking ground today on Eastgate, a three-building, 2.5-million-square-foot industrial park that is about 30 miles northeast of Baltimore on the I-95 Corridor.
Phase I is the spec development of a 656,800 square foot facility and will include a 2-mile extension of Woodley Road. Future build-to-suit opportunities will range from 600,000 square feet to 1.5 million square feet. MRP Realty makes a strong case for the spec project: the new facility will be a class A regional distribution center located in one of the most land-constrained areas on the East Coast.
The distribution site has direct access to I-95, allowing future tenants to serve over 120 million people within a single day's drive.
PERRYMAN, MD–An affiliate of MRP Realty is breaking ground today on Eastgate, a three-building, 2.5-million-square-foot industrial park that is about 30 miles northeast of Baltimore on the I-95 Corridor.
Phase I is the spec development of a 656,800 square foot facility and will include a 2-mile extension of Woodley Road. Future build-to-suit opportunities will range from 600,000 square feet to 1.5 million square feet. MRP Realty makes a strong case for the spec project: the new facility will be a class A regional distribution center located in one of the most land-constrained areas on the East Coast.
The distribution site has direct access to I-95, allowing future tenants to serve over 120 million people within a single day's drive.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.
