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MDH Partners Enters Baltimore Market with Acquisition of Two Industrial Assets
MDH Partners has acquired two Class-B light industrial buildings totaling 148,758 square feet in Hunt Valley, MA, on the northern end of the Baltimore Beltway Corridor.
Joe DeHaven from MDH Partners sourced the deal and led the acquisition process. Cushman & Wakefield represented the seller.
“The Baltimore Beltway Corridor is one of the strongest performing submarkets in the Baltimore region, with a vacancy rate of 4.20%, and there is very little available land for future industrial development,” said DeHaven. “This deal provides a promising opportunity to acquire two 100% leased light industrial buildings with good proximity to a white-collar population and consumer base in a submarket with high barriers to entry.”
The first building, 10720 Gilroy Road, is fully leased with 4.2 years of weighted average lease term remaining. The second building, 10946 Golden West Drive, is fully leased with 6.6 years of weighted average lease term remaining.
- ◦Sale/Acquisition
