CBRE Global Investors Snags 890K-SF Logistics Facility in Maryland

CBRE has acquired an 889,608-square-foot logistics property in Aberdeen, MD. The sales price and seller were not disclosed.

The asset, which is located at 601 Chelsea Road, is situated 40 minutes northeast of Baltimore and is 100% leased to Rite Aid of Maryland Inc. The property sits on 126 acres and features 36–38-foot clear heights, 55-foot by 52-foot column spacing, a power capacity of 12,000 amps 277/480-volt, 80,000 square feet of temperature-controlled space, ESFR sprinklers, 128 dock doors, two drive-in doors, 248 trailer parking spaces and 893 auto parking spaces.

“We believe that the site at 601 Chelsea Road is ideal for today’s modern bulk user, providing access to Baltimore’s deep-water port and connectivity to strategic markets along the I-95 corridor. Additionally, the low site coverage allows for future flexibility to provide additional trailer and auto parking or expand the facility by 300,000 square feet,” said James Munsell, director of commercial acquisitions at CBRE Global Investors. “Since acquiring a 1.35-million-square-foot industrial portfolio across the road earlier this year, our team has continued to see strong demand for bulk warehouse space and the addition of 601 Chelsea Road will create synergies with our existing portfolio.”