Real Estate Journal — September 15 - 28, 2017 — 17A


M id A tlantic

Goldman Sachs buys 446,595 s/f industrial portfolio for $40.5 million Cushman&Wakefield completes sale of 3 building industrial portfolio on behalf of Terreno Realty

ALTIMORE ,MD — Cushman & Wake- field has closed the $40.5 million sale of a three- building industrial portfolio in Elkridge & Savage, MD. The 100% leased portfolio included a total of 12 tenants largely serving the consumer population of the Washington, DC – Baltimore, MD Corridor. The properties included: • 8730 Bollman Place, Sav- age, MD • 6660 Santa Barbara Road, Elkridge, MD • 6675 Amberton Drive, Elkridge MD Goldman Sachs was the buyer of the portfolio, paying $40.5 million, or nearly $91 psf. The transaction was the third major industrial port- folio Cushman & Wakefield B Bethesda, MD — Fin- marc Management, Inc. , a Bethesda-based commer- cial real estate firm, has an- nounced the acquisition of a four-building portfolio compris- ing 123,000 s/f of warehouse and manufacturing space in the Rockville section of Mont- gomery County for $8.6 million. Located on 627-649-655 North Horners Ln. and 202Mason Dr. and known as the EU Services Buildings, the portfolio is 100% leased and occupied to Enve- lopes Unlimited. Jay Clogg of Jay Clogg Realty Group, Inc. represented the seller in this transaction and he has also been selected by Finmarc as the exclusive leasing broker. The single-story buildings are outfitted with ceiling heights ranging from fourteen to twenty-four feet, contain multiple loading docks and drive-in doors and are sur- rounded by a free surface park- ing lot that can accommodate 120 vehicle spaces. The portfolio is positioned within close proximity to MD Rte. 355 with access to Inter- states 270 and 200 three miles away from the site. Wash-

closed on in the last month, bringing the total execution for the 30-day period to nearly 4 million s/f and $310 million in closed transactions. “Institutional investors largely remain underweight the industrial sector, and the Baltimore-Washington Cor- ridor remains a core market,” said Jonathan Carpenter , executive director at Cushman & Wakefield. “The desire to gain exposure to the third- wealthiest and most educated consumer population in the United States is creating a strong demand for industrial product in our market.” Graham Savage , director, also represented the client. Both he and Carpenter reside in the Baltimore office of Cush- man & Wakefield. n

Terreno Portfolio

FinmarcManagement, Inc. acquires four-building ware- house portfolio in Montgomery County for $8.6 million

655 North Horners Ln.

EU Services Buildings

extremely dense and well- traveled industrial corridor in the Rockville submarket, and we achieved this acquisition significantly below replace- ment cost,” said Sean Sulli- van , vice president of Finmarc Management. “Our team is extremely familiar with the

market, based on additional holdings within our portfolio including properties on both E. Gude Drive and N. Stonestreet Ave. The leasing activity and tenant interest remains brisk throughout this area. This represents an opportunistic acquisition for our company

and we intend to achieve long- term value.” With this acquisition, Fin- marc currently owns and man- ages 93 office, flex, industrial and retail properties as well as several residential projects in the Mid-Atlantic area, totaling 6.8 million s/f of space. n

ington Dulles International and Baltimore-Washington International Airports can be accessed in thirty minutes and the commercial business district of Washington, DC is less than 25 miles away. “The EU Services Build- ings are positioned within an

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