2B — January 27, 2017 - February 9, 2017 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
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O wners , D evelopers & M anagers Industrial land in Harford County, MD from Prologis Chesapeake Real Estate Group acquires 101 acres
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Parcel situated near the intersection of Trimble Rd. and Emmorton Rd.
arford County, MD — Chesapeake Real Estate Group, LLC (CREG) has announced the acquisition of 101 acres of land in the Edgewood section of Harford County from Pro- logis for an undisclosed price. The parcel, situated near the intersection of Trimble Rd. and Emmorton Rd. (MD Rte. 24), is suitable for the development of industrial/warehouse build- ings with a total square foot- age of up to 400,000 s/f. Matt Laraway of Chesapeake Real Estate Group represented the buyer and Mark Shearer of Prologis represented the seller in this transaction. “We are investigating our options and timing for this site, but our company has been extremely successful in the development and leasing of speculative warehouse and industrial product in Mary- land and Pennsylvania by an- ticipating demand,” explained Matt Laraway, SIOR, Partner H Washington, DC — Akelius acquired Whispering Oaks, built in 1958, located in the Rosslyn neighborhood of Arlington. Property amenities include off-street parking, fit- ness center, laundry facilities and a renovated lobby. The location offers access to the business district as well as to the wide variety of restaurants, shopping and entertainment of Rosslyn. The property sold for $13.5
at Chesapeake Real Estate Group. “Our company leased more than 1.2 million square of space in our portfolio in 2016, and existing market drivers and fundamentals indicate the continuation of strong demand for industrial in the coming year. This site is perfectly po- sitioned to satisfy continued industrial demand and we ex- pect to start site improvements early in 2017.” The development site is lo- cated less than one mile from US Rte. 40, three miles from I-95 and less than twenty miles from the Port of Baltimore. Other major tenants located in this park are Kohls Depart- ment Stores (one million s/f) and AGCO (105,000 s/f). Chesapeake Real Estate Group completed the 571,000 s/f Perryman Logistics Cen- ter, located at 610 Chelsea Rd. in Aberdeen Rd. last year, and executed a full-building lease with XPO Logistics in fall 2016. CREG and their million. With this acquisition, Ake- lius owns five properties in the Washington region. Ralf Spann , country man- ager Akelius US: “We continue to grow in the US by cherry picking suitable properties in Washington, New York and Boston. All the properties are upgraded, when needed, to a First Class standard to provide a Better Living for current and future tenants.” n
financial partner USAA Real Estate Company constructed the warehouse/distribution building on the 48.4 acre site near MD Rte. 159. The com- pany is also building 550,000 s/f of warehouse and distribu- tion product in two buildings at Port 95 Industrial Park in Baltimore City. Chesapeake Real Estate Group, LLC, headquartered in Baltimore, Maryland is a full-service commercial real estate operating company that includes brokerage, property management and development services. The firm currently has 2.2 million s/f of industrial projects in some phase of de- velopment and 2.6 million s/f of industrial, office and retail under management in theMid- Atlantic region. Notable proj- ects include Penn 95 in Prince George’s County, Baltimore Crossroads in White Marsh, Perryman Logistics Center in Harford County and Port 95 in Baltimore City. n Owners, Developers &Managers
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a section of the Mid Atlantic Real Estate Journal Phone: 781-871-5298 Fax: 781-871-5299 www.marejournal.com S ection P ublisher Steve Kelley skelley@marejournal.com S ection E ditor Karen Vachon kjoy@marejournal.com
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