
May | Riegler Buys 28 Acres in Frederick for Two-Building Logistics Center
Washington, DC-based May | Riegler Properties has acquired a 28-acre site at 550 Highland Street in Frederick, MD. Chris Kubler and Don Schline of NAI KLNB represented the seller.
Following the demolition of the existing 200,000-square-foot building, May | Riegler intends to break ground on Highland Logistics Center. The project consists of the construction of two single-story logistics warehouse buildings comprising 190,000 and 260,000 square feet of space, respectively. They will feature 32-foot clear ceiling heights, 52-foot column spacing, 60-foot speed bays, truck courts and additional space suitable for industrial outdoor.
“The next-day and same-day delivery expectations of the American consumer continue to fuel the seemingly insatiable demand for large-scale Class A warehouse and logistics space both nationally and locally and this development, contained within a sub-set of the Washington, D.C., industrial market, features a current vacancy rate of 1.3%,” said Eric May, co-founder and principal of May | Riegler Properties.
- ◦Sale/Acquisition
- ◦Development