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Washington DC & Mid-Atlantic  + Maryland  + Industrial  |  March 7, 2024
Emily Fu
By: Emily Fu

66K-SF MD Industrial Property Sold for $13M 

Colliers has facilitated a $13 million sale of a 66,590-square-foot warehouse and distribution center in Hanover, Maryland. Led by Thomas Gentner, Brian Watts, Brian Siegel, and Jason Sullivan, the Colliers team brokered the deal for Rialto Capital-managed vehicles.  

Originally built in 1972 and converted into a data center, the property was reverted to its original configuration in response to evolving technology trends. Situated on over eight acres at 7150 Standard Drive near BWI Airport, the facility offers 6,050 square feet of office space, a fenced area, 20-foot clear ceiling heights, six dock high doors, four drive-in doors, and 2,800 amps of electrical service.  

“The demolition, transformation, and marketing of this property wouldn’t be possible without Rialto, and together, we successfully repositioned this property in the marketplace with limited downtime,” said Gentner. 

Read More News Stories About: Colliers
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Inside The Story

Thomas Gentner

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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