JLL Arranges Sale of 313K-SF Industrial Facility in Baltimore
JLL has arranged the sale of a fully-leased, 313,000-square-foot infill warehouse located at 2209 Sulphur Spring Rd. in Baltimore.
Located in an Enterprise Zone at the northern end of the Baltimore-Washington Corridor, the property features approximately one acre of fenced storage, heavy power, security, 35 loading docks and the potential for 56 trailer drops. Tenants include Liberty Tire Recycling and Indusco Wire Rope and Fittings. The property has received approximately $6.5 million of capital improvements since 2013.
Jay Wellschlager, Bruce Strasburg, Craig Childs and Elizabeth Runge of JLL represented the seller, The O’Donnell Group, in the transaction. Aminim Group purchased the asset. Additionally, Paul Spellman of JLL secured acquisition financing on behalf of the borrower.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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