www.marejournal.com Real Estate Journal — September 16 - 29, 2016 — 23A Sparks-based co. maintains “increasingly active” approach towards acquisitions NAI KLNB brokers sale of Hunt Valley industrial building to FRP Development for $8.3 million B ALTIMORE, MD — NAI KLNB has bro- kered the sale of 10820 said Dudley. “Each tenant is well-known and credit worthy which adds to the value of this acquisition.” M id A tlantic
Gilroy Rd., a single-story, 115,000 s/f industrial and warehouse building situated in the Hunt Valley section of Baltimore County. Peter Dudley , principal for NAI KLNB represented both the buyer, FRP Development Corp. and the seller, Webb Mason Commercial, LLC in this transaction. The purchase price was $8.33 million. Built in 1967, the building is currently 100% leased to Webb Mason and a division of McCormick & Company. It features twenty-four foot ceiling heights, seventeen loading docks and one drive- in loading dock. The project is surrounded by a surface NEWCASTLE, DE — Har- vey, Hanna & Associates, Inc. (HHA) welcomes Anchor Plastics, Ltd. to the Twin Spans Business Park (TSBP) in New Castle. Anchor Plastics recently opened their latest North American facility by leasing 20,500 s/f of warehouse and office space at 500 Ships Land- ing Way in the Twins Spans Business Park. TSBP is considered by many to be the premier distribution campus in the mid-Atlantic region, featuring 1.85 mil- lion s/f of class A commercial warehouse space spread across 135 acres of land along the Delaware River. Twin Spans further offers superior logistics throughout the mid-Atlantic region and points beyond, with immediate access to I-95, I-295, I-495 and the Delaware Memorial Bridge. Anchor Plastics, headquar- tered in Quebec, Canada, is widely recognized as the pio- neer of manufacturing plastic containers throughout Canada while specializing in highly customizable products for various commercial customers throughout the United States.
“FRP Development remains in an active acquisition stance as we strive to increase our platform in markets that make economic and real es- tate sense,” said David deV- illiers, Jr., president of FRP. “We are impressed with the Hunt Valley market, which we believe to be extremely stable and growing, especially with McCormick’s decision to re-locate its headquarters to this location. Our focus is to identify and secure sound real estate holdings in the Baltimore-Washington mar- ketplace, and will continue to seek acquisition opportunities that satisfy our criteria.” n business development and client relations management executive. Previously, Kinnard served as CEO of SCO Logistics Inc. Kinnard also has served as vice president, general coun- sel, and secretary at Rollins Truck Leasing Corporation, Rollins Environmental Ser- vices, Inc., and Dover Downs Entertainment Services, Inc. Kinnard also served as presi- dent and CEO at Matlack Systems, Inc. “Mike joins our company during an exciting time as we continue to grow and diversi- fy”, said E. Thomas Harvey , III, president, Harvey, Hanna & Associates, Inc., “and Mike’s entrepreneurial expertise and business acumen will help us accomplish many of our long term goals.” “I welcome the opportunity to join HHA’s professional and talented team. HHA is a fast growing market leader in the development andmanagement of commercial and industrial real estate in the DELMARVA area. I look forward to being a part of their exciting pipeline of future projects”, said Mi- chael Kinnard. n
10820 Gilroy Rd.
parking lot and is situated at the intersection of Beaver DamRd. and Gilroy Rd., and is
within close proximity to I-83 and McCormick Rd. “FRP Development acquired
a strategically positioned building at below replace- ment cost that is 100% leased,”
Anchor Plastics leases 20,500 s/f at Harvey, Hanna & Associates’ Twins Spans Business Park in New Castle, DE
N E W - PORT, DE — Harvey , Hanna & As- sociates, Inc. announc ed the appoint- ment of Mi- chael Kin- nard as vice
Michael Kinnard
president and general counsel. Kinnard has served as a legal and strategic planning advi- sor for HHA for the past three years. Kinnard will manage all corporate legal matters as well as play an integral role in the company’s growth strategy. Kinnard has more than 27 years of executive, business development, client relation- ship management, business capitalization, and legal ex- perience for both public and private companies. Prior to joining HHA, Kinnard served as CEO of Total Trax Inc., a leading provider of real time vehicle, driver and inven- tory tracking technologies for manufacturing and warehouse operations. Kinnard recently served as senior vice-president at Alexander Proudfoot Com- pany, an operational improve- ment consulting firm, as a
Twins Spans Business Park
They are also well known across their industry for their expertise in plastic blow-mold- ing technology which allows for a custom-built experience for clients of all sizes. “Anchor Plastics is an excel- lent addition to the Twin Spans Business Park and they will do a great job contributing to the overall success of this park as they join an impressive roster of internationally recognized organizations,” said Thomas Hanna , COO./ managing di- rector, HHA. “We are excited
to have them in Delaware and proud to be a part of their expansion within the region.” Jamie Vari , a senior associ- ate broker from Jones Lang LaSalle inWilmington, served as Anchor Plastics tenant representative for this lease transaction. Harvey, Hanna &Associates (HHA) is a full service Com- mercial Real Estate Redevel- opment Company featuring 3,000,000 s/f of prime location commercial, retail, and indus- trial real estate in Delaware.
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