Sale of 47-Acre Site in Hagerstown Makes Way for 210K-SF Industrial Building
Colliers has facilitated the sale of a 46.93-acre industrial property in Hagerstown, MD.
The property at 12001 Hopewell Road was purchased by MLD Limited Partnership, a joint venture of Elberon Development Group and The Avidan Group that plans to develop a nearly 210,000-square-foot industrial building at the site (but will consider modifying the site plan for a build-to-suit project).
Thomas Gentner, Brian Siegel, Brian Watts and Jason Sullivan with Colliers represented the seller. Colliers has also been named as leasing agent for the new project.
“Demand for industrial buildings is on the rise, and with e-commerce in high demand, companies are looking for real estate along I-81 that are in or near distribution hubs and warehouse spaces,” said Gentner.
The property is located only two miles from the I-81 and I-70 interchange for access to Baltimore and Washington, DC metro areas.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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