Newmark Brokers $8M Sale of Maryland Industrial Property
Newmark has arranged the $8.4 million sale of 700 Evelyn Avenue, a fully-leased, 180,000-square-foot industrial property in Linthicum Heights, MD.
The facility is part of the BW Corridor and is situated at the nexus of I-295 and I-695. It is a one-story industrial asset that sits on the northeast corner of Hammonds Ferry Road and Evelyn Avenue. Primary access to the property is from the Nursery Road exit of the Baltimore Beltway (I-695) which is less than 1/2 mile from the property.
Cris Abramson, Nicholas Signor and Ben McCarty of Newmark were the sole brokers in the transaction, with Brian Kruger providing leasing advisory services. The buyer was privately-held real estate investment firm GlenLine Investments. The seller was not disclosed. The transaction marks the team’s fifth industrial sale in the past 12 months for a total of approximately $120 million in value.
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.