Newmark Brokers $21M Sale of Industrial Development Site Near BWI Airport
Newmark has brokered the $21.1 million sale of Last-Mile @ BWI, a nearly 14-acre industrial development site in Hanover, MD.
Located at 1200 Stoney Run Road, the property offers the potential to build Class A industrial product in the Baltimore-Washington Corridor, one of the nation’s premier industrial markets. The site is directly adjacent to Baltimore-Washington International Airport and is fully leased. The property is in the Baltimore Commons Industrial Park, one of the Mid-Atlantic’s oldest and most established industrial parks, comprised of 34 assets totaling 4.1 million square feet of primarily industrial product.
Cris Abramson, Brian Kruger, Ben McCarty and Nicholas Signor of Newmark represented the seller, HLNP LLC, in the transaction. The buyer was NorthBridge Partners.
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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