Search
 

Goldman Sachs Buys Into BWI's Last Mile

"You get more yield in the BWI market compared to Los Angeles or New Jersey."

By Erika Morphy | erikamorphy | Updated on August 22, 2017

The Terreno portfolio

BALTIMORE, MD–Goldman Sachs has acquired a three-building industrial portfolio located in Elkridge and Savage, Md., for $40.5 million, or close to $91 per square foot, from Terreno Realty. It is the second acquisition the institutional investor has made in Baltimore’s last mile industrial sector this month, according to Jonathan Carpenter, executive director at Cushman & Wakefield, who helped arrange the sale, along with Graham Savage.

Goldman also acquired four industrial buildings totaling 650,000 square feet for $66.7 million from Exeter Property Group earlier this month and it sold a four-office portfolio in Columbia, Md., to CSG Partners for $30.1 million.

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.