Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Washington DC  + DC Metro  + Industrial  | 
North East Gateway logistics building in North East, MD

CBRE IM Fund Acquires 716K-SF Logistics Asset in MD

A fund sponsored by CBRE Investment Management – formerly known as CBRE Global Investors – has acquired a 716,490-square-foot bulk logistics asset in North East, MD. The price was not disclosed.

North East Gateway is a Class A, cross-dock facility that features 40’ clear heights, two points of ingress/egress, 6,000-amp electric service and ample auto and trailer parking. The building is currently 100% leased to a single user.

“We believe that the property’s location within the I-95 North submarket benefits from strong market fundamentals, access to quality labor, and the rising costs in construction, which are driving up rental rates in the area,” said Larissa Belova, portfolio manager for CBRE Investment Management.

North East Gateway is situated 1.5 miles from I-95. The MSAs of Baltimore and Philadelphia, which total approximately 10 million people, are one hour’s drive. The location also has access to the Port of Baltimore, CSX and Norfolk Southern freight services and the BWI Airport.

Connect

Inside The Story

CBRE Investment Management

About Lisa McDuffie

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 he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
RockefellerGroup-13-cube