Real Estate Journal — February 8 - 21, 2019 — 5A
www.marejournal.com
M id A tlantic
Lee & Associates | Maryland end-of-year report +5 Million s/f of industrial space leased within Greater Baltimore Metropolitan market in 2018 C OLUMBIA, MD — More than five million s/f of industrial space
Container Store in MRP In- dustrial’s Eastgate 95 busi- ness community in Harford County and the 500,000 s/f lease signed by Best Buy in Chesapeake Real Estate Group’s BrandonWoods III in Anne Arundel County. Ameri- can Sugar Refining also leased more than 300,000 s/f of space in Howard County, in a project owned by Manekin and AEW Capital Management . “There seems to be no end in sight to this unprecedented level of industrial activity in the greater Baltimore metro- politan region, and numerous local development companies and national REITs are mov- ing as quickly as possible to entitle land and construct new projects to keep up with existing demand,” explained Tom Whelan , principal, Lee and located in neighborhoods connected to quality health care, schools, jobs and transit can provide the foundation for better outcomes.” Health Begins with Home draws on Enterprise’s on-the- ground experience and its work in raising and investing capital to further connect health and housing: developing meaning- ful, sustainable partnerships; sharing insights to improve the health of communities; advancing smart policies; ex-
& Associates | Maryland. “This momentum continues to be driven by the expectations of consumers to receive next day or same day delivery of products purchased on-line, coupled with the strong liquid- ity in the capital markets. “The Baltimore-Washing- ton, D.C. region, which is considered the fourth largest Combined Statistical Area in the country with more than ten million people, re- mains among the most active industrial markets in the country. Approximately one- third of all consumers resid- ing in the United States can be accessed within a one-day truck drive and major ports including those in Baltimore, Washington, D.C., Wilmington and Philadelphia service this area,” he added. ploring the link between stable housing and health care usage; and making a compelling, research-backed case for the relationship among neighbor- hood conditions, homes and health. Health Begins with Home also benefits from the expertise of Enterprise’s Health Adviso- ry Council, which is made up of nationally recognized experts who provide academic, clinical, public health and community development insights. platform. The Occupant Experience group leverages research and analytical tools to instill well- ness, comfort, connectivity and innovation in the work envi- ronment. The team’s subject matter experts help business leaders maximize real estate through more informed, data- driven and people-centric de- sign decisions. Prior to joining Savills Studley, Rodriguez worked as a leading member of the Workplace Strategy team at Gensler.
was leased throughout the greater Baltimore metropolitan marketplace in 2018, according to the Lee & Associates | Maryland end-of-year market report that captures data from Baltimore City, as well as Anne Arundel, Baltimore, Carroll, Cecil, Harford and Howard Counties. Baltimore County achieved the highest volume of activity with nearly 3 million s/f of space leased, followed by Harford County (943,000 s/f of space), Baltimore City (696,000 s/f of space) and Anne Arundel County (260,000 s/f of space) Lee & Associates | Maryland is a fully-integrated commer- cial real estate brokerage and management firm and the local affiliate of the international COLUMBIA, MD — Enter- prise Community Partners Inc. (Enterprise) launched Health Be- g i n s w i t h Home, a na- t i ona l i n i - t i a t i v e t o harness the power of af- f o r d a b l e homes to cre- ate healthier families and stronger com- munities. Working with a broad group of partners and guided by data-driven insights, Health Begins with Home will put $250 million to work over five years to promote health as a top priority in the development and preservation of affordable homes and to elevate homes as an essential tool for improv- ing resident and community health. “Health Begins with Home highlights the next frontier in Enterprise’s work: fulfilling the potential of homes to im- prove the health of people and of entire communities,” said Laurel Blatchford , presi- dent, Enterprise Community Partners. “We’ve long seen Laurel Blatchford
Brandon Woods III
Lee & Associates brokerage network. Since first quarter 2014, the overall vacancy rate for indus- trial space in the local region has decreased from 10.6% to the current 7.7% level for the market that includes more than 202 million s/f of class A, B and C space in nearly 3,600 buildings. This positive activ- ity offsets the negative absorp- tion of more than 500,000 s/f the undeniable economic and environmental power of home. We know that bold, focused ef- forts can significantly improve outcomes, as we learned from how our Green Communi- ties Criteria dramatically ex- panded development of green affordable housing.” Health Begins with Home will involve cross-sector part- nerships among health sys- tems, health insurers, hous- ing developers, policymakers, public health associations, community development orga- nizations, social impact inves- tors and foundations. The initiative focuses its ef- forts in four key areas: • Conducting research to learn and leverage the connec- tion between quality, stable, affordable homes and healthier outcomes • Awarding grants to local nonprofits to fund housing and community health programs and to increase partnerships between housing and health- care organizations • Providing technical as- sistance to leverage and align resources with opportunity, use data to strengthen decision making, lift up best practices
of class B space in Howard County in addition to 350,000 s/f of negative absorption for class B space in Carroll Coun- ty. New construction activity remains brisk with more than 4.4 million s/f of space cur- rently underway throughout the region. Significant leasing activity included the cumulative 1.2 million s/f of space signed by Kuehne + Nagel and The and advance smart policies • Connecting capital from healthcare organizations, in- stitutional investors and so- cial impact funds to develop and preserve healthy, well- designed homes that are af- fordable The Enterprise-managed $85 million Housing for Health Fund serving the San Fran- cisco Bay Area and a $100 million national loan fund, both announced jointly with Kaiser Permanente last week, are the types of pioneering investments Health Begins with Home aims to replicate in markets across the country. Each will invest over the next 10 years to preserve and to cre- ate affordable, healthy homes, with the loan fund concentrat- ing on Kaiser Permanente’s service regions in eight states and the District of Columbia. “By bringing together the health and housing sectors, Enterprise can be a catalyst for a seismic shift in the indus- try,” said Brian Rahmer, vice president, Health and Hous- ing, Enterprise. “Our work with communities and part- ners is showing us how homes designed with health in mind
Enterprise launches Health Begins WithHome, a national initiative to harness the power of affordable homes
Savills Studley Occupant Experience Group adds Johanna Rodriguez
WASHINGTON, DC — Savills Studley announced the addition of Johanna Ro-
driguez as a senior man- aging direc- tor, Occupant Experience. Based in the firm’s Wash- ington office, she will be responsible
Johanna Rodriguez
for supporting the Northeast- ern and Southeastern expan- sion of the Workplace Strat- egy and Occupant Experience
Made with FlippingBook - Online Brochure Maker