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Cushman & Wakefield Arranges $57M Sale of Industrial Facility in Maryland
Cushman & Wakefield arranged the $56.6 million sale of 8511 Pepco Place, a 202,976-square-foot industrial facility in Upper Marlboro, Maryland. Stockbridge acquired the property from TA Realty.
Cushman & Wakefield’s Mid-Atlantic Industrial Advisory Group team of Jonathan Carpenter, Graham Savage, Dawes Milchling and James Check represented TA Realty in the transaction.
The building is fully leased to Harris Company, one of the nation’s largest mechanical contractors. The company, which is a provider to data center hyperscalers, recently expanded into the balance of the building and occupies 75,000 square feet at the neighboring 8520 Pepco Place. Located adjacent to I-495/I-95, 8511 Pepco Place provides direct connectivity throughout the D.C. Metro region and is approximately 15 miles from Washington, D.C.
“8511 Pepco Place offered a compelling opportunity to acquire a Class A industrial asset with strong existing tenancy from Harris Company and immediate access to the entire Washington, D.C. metropolitan region,” said Carpenter, Executive Managing Director with Cushman & Wakefield.
