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Lucern Capital Partners Acquires Baltimore-Washington Market Industrial Portfolio
Lucern Capital Partners, a real estate investment firm, has entered the Baltimore-Washington market with the acquisition of a 60,000-square-foot light industrial portfolio in Laurel, Maryland.
The two-building property, located at 14709 Baltimore Avenue, is strategically located between Baltimore and Washington, D.C. The fully occupied property is leased to 16 automotive businesses ranging from repair shops to bodywork specialists who benefit from direct access to major transportation routes, including I-95 and U.S. Route 1.
“This latest acquisition exemplifies our ability to identify and capitalize on opportunities in high-demand markets with limited supply,” said Frank Forte, Managing Partner and Chief Investment Officer at Lucern Capital Partners. “The low supply of shallow bay products in the Baltimore-Washington market is significant, making demand dynamics extremely favorable for this property.”
