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Washington DC & Mid-Atlantic  + Maryland  + Office  | 

Gaulin Properties Acquires MD Building for $18M

      Tate, Inc., a global manufacturer and installer of flooring has sold its U.S. company headquarters to Gaulin Properties for $18.5 million.

      MacKenzie Commercial Real Estate Services, LLC brokered the sale of the 121,211 square foot warehouse building located at 7510 Montevideo Road in Jessup, Maryland. MacKenzie was subsequently selected by the new owner as the exclusive leasing broker.

      Additionally, Tate, Inc. signed a short-term leaseback with Gaulin Properties. MacKenzie Senior Vice Presidents and Principals Matthew Curran, and Andrew Meeder represented the seller in this transaction and will also handle the leasing assignment.

      Situated on a 10-acre site, the building features an updated two-story office component and includes excess land on the perimeter of the site which can be utilized for outdoor storage and trailer parking. 7510 Montevideo Road is situated less than 14 miles from the Port of Baltimore’s Fairfield Marine Terminal. Washington, D.C. can be accessed in less than one hour, and Philadelphia is less than two hours away.

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      About Jasmine Kilman

      Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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