1960s Vintage Industrial Building in Halethorpe Goes for Groovy $10M
Lutherville, MD-based MacKenzie Commercial Real Estate Services, LLC, has brokered the sale of 1407 Parker Road, a single-story unoccupied building containing 103,640 square feet of industrial/warehouse space in the Baltimore, MD submarket of Halethorpe, for $10.3 million.
The transaction included an adjacent .58-acre parcel on 1441 Knecht Avenue.
Daniel Hudak and Andrew Meeder of MacKenzie represented the seller, Pitts Realty, Limited Partnership. The asset was acquired by Pioneer Cladding & Glazing Systems, Inc.
“The competition for well-maintained, in-fill warehouse and industrial buildings located near major population centers remains very active and we immediately fielded robust sales interest for these assets,” said Hudak. “Demand is especially fierce among industrial users and investors searching to purchase buildings of this size and asset class.”
Built in 1960, 1407 Parker Avenue is equipped with approximately 8,000 square feet of office space, 16-to-21-foot clear ceiling heights, five loading bays, eight interior dock positions and 62 surface parking spaces.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.