BALTIMORE, MD–Rumored for months, Amazon has made it official: It will open a fourth fulfillment operation in Maryland, a 855,000-square foot facility in Sparrows Point, in the 3,100-acre multimodal industrial site Tradepoint Atlantic.
“Amazon's decision to locate its 855,000-square-foot state-of-the-art fulfillment center at Tradepoint Atlantic serves as further validation of the unique logistical advantages we offer and further establishes our location as a top destination for users seeking a best-in-class multi-modal logistics platform,” said Eric Gilbert, chief development officer for Tradepoint Atlantic, in a prepared statement.
The center is expected to create more than 1,500 full-time positions adding to the current 5,000 plus jobs it has added to the state in its sortation and fulfillment centers in Baltimore and fulfillment center in North East, MD.
Amazon's investments in Maryland have contributed an additional $100 million into the state's economy from 2014 through 2016, and the online retail giant estimates its investments here have created an additional 3,000 indirect jobs on top of the company's direct hires.
With its new fulfillment center included, Amazon has a total of 3.3 million square feet in the state.
Tradepoint Atlantic is the largest privately owned waterfront logistics and manufacturing multi-modal site in North America. The site has a deep-water port, a turning basin, and a 1,150-foot pier capable of accommodating heavy commodities. It also has 100 miles of on-site track and connections to major railroads, as well as direct connections with two interstate highways.
Last year Tradepoint Atlantic announced it was adding a 130-acre mixed-use retail park to the mix. Among its tenants at the retail park: FedEx has signed a lease for a 300,000-square-foot distribution facility and Harley-Davidson of Baltimore is relocating a training center to several acres in the industrial park. Pasha Automotive Services has plans for an automobile processing terminal.
BALTIMORE, MD–Rumored for months, Amazon has made it official: It will open a fourth fulfillment operation in Maryland, a 855,000-square foot facility in Sparrows Point, in the 3,100-acre multimodal industrial site Tradepoint Atlantic.
“Amazon's decision to locate its 855,000-square-foot state-of-the-art fulfillment center at Tradepoint Atlantic serves as further validation of the unique logistical advantages we offer and further establishes our location as a top destination for users seeking a best-in-class multi-modal logistics platform,” said Eric Gilbert, chief development officer for Tradepoint Atlantic, in a prepared statement.
The center is expected to create more than 1,500 full-time positions adding to the current 5,000 plus jobs it has added to the state in its sortation and fulfillment centers in Baltimore and fulfillment center in North East, MD.
Amazon's investments in Maryland have contributed an additional $100 million into the state's economy from 2014 through 2016, and the online retail giant estimates its investments here have created an additional 3,000 indirect jobs on top of the company's direct hires.
With its new fulfillment center included, Amazon has a total of 3.3 million square feet in the state.
Tradepoint Atlantic is the largest privately owned waterfront logistics and manufacturing multi-modal site in North America. The site has a deep-water port, a turning basin, and a 1,150-foot pier capable of accommodating heavy commodities. It also has 100 miles of on-site track and connections to major railroads, as well as direct connections with two interstate highways.
Last year Tradepoint Atlantic announced it was adding a 130-acre mixed-use retail park to the mix. Among its tenants at the retail park: FedEx has signed a lease for a 300,000-square-foot distribution facility and
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.
