12-26-14

4B — December 26, 2014 - January 15, 2015 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal

www.marejournal.com

O wners , D evelopers & M anagers Carpet Consultants leases 20% of the building Chesapeake breaks ground on 100,685 s/f warehouse

presents

ALTIMORE, MD — Chesapeake Real Estate Group, LLC has announced the initiation of construction on a specula- tive 100,685 s/f warehouse and distribution building lo- cated in the Baltimore Cross- roads @95 business commu- nity near the White Marsh section of Baltimore County. Last week, Chesapeake Real Estate Group broke ground on a 571,000 s/f speculative warehouse and distribution building in Harford County, Maryland. This latest project, located at 11501 Pocomoke Court, is expected to be com- B

Moderator: Lois Weiss, Real Estate Columnist, NY Post Speakers:

Susan Fine, Principal OasesRE, Developer, Turn-Style Laura Rapaport, Senior V.P., L&L Holding Company Andrea Kretchmer, Managing Director, Poko Partners, LLC Others to be announced...   * for more information & reservations * Professional Women in Construction 212-486-7745 * pwc@pwcusa.org * www.pwcusa.org/ny PWC is a non-prot 501(c)3 organization Contributions are tax deductible Cancellation: 48 hour notice

Baltimore Crossroads @95 - Pocomoke Court

pleted in first quarter 2015. Carpet Consultants, a pro- vider of residential and com- mercial flooring products, has signed a lease with Chesa- peake Real Estate Group for approximately 18,000 s/f of space or 20% of the building. The class “A” industrial building will feature 28 foot clear ceiling heights, 21 rear loading docks and two drive-in doors, a 125 foot truck court and an adjacent surface park- ing area that can accommo- date more than 125 vehicles. The project is situated within immediate proximity to MD Rte. 43 and is less than three miles from I-95, approximately 12 miles from the Port of Baltimore and 22 miles from Baltimore-Washington Inter- national Airport. Baltimore Crossroads @95 is a 1,000-acre mixed-use busi- ness community configured to support more than six million s/f of class “A” commercial of- fice, R&D/flex, warehouse and industrial and retail space, as well as residential components that include a luxury apart- ment complex, condominiums, townhomes and single-family homes. This latest warehouse and distribution building rep- resents Chesapeake Real Es- tate Group’s sixth within the business community, with more than 700,000 s/f of space currently existing. “End-users of warehouse and distribution space have re- sponded extremely well to our product offering at Baltimore Crossroads @95 and, based on the strong pipeline of potential tenants we see in the market- place, our team is extremely comfortable proceeding with this latest large-scale project,” said JimLighthizer , founder and owner of Chesapeake Real Estate Group. n

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