6-23-17

1,296,494 s/f located in Central PA’s I-81 Distribution Corridor Cushman &Wakefield IAG’s Blinebury &Gabriel broker $76.1m ind. asset sale

ISSUE HIGHLIGHTS Volume 29, Issue 12 June 23 - July 13, 2017 SPO TLIGHTS Mid Year Review Contractors/ subcontractors R.J. Brunelli & Co. reps buyers in 72,160 s/f SC purchase 9-16B Section C

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paper since 1950, the property covers two city blocks within the vibrant Mount Vernon neighborhood surrounded by major Baltimore institutions including Mercy Medical Cen- ter, The Peabody Institute of the Johns Hopkins University, Center Stage theater, and an expanding residential base. The asset offers large efficient floor plans for office tenants and is well located for alterna- tive uses, given its visibility from the JFX, including retail, hospitality and residential. The Baltimore Sun is a ten- ant in the building and has a lease in place through June 2018 with an option to renew. Atapco will manage the asset from its headquarters office in Baltimore. Atapco extends its appre- ciation to CBRE for their representation of the seller, Tribune Media Company and to Ballard Spahr for their legal representation of the purchaser. n Ideally positioned in the fast-growing and densely populated “Golden Triangle” region of the Central PA sub- market in Dauphin County, Capital Logistics Center offers employers accessibility to an expansive and diverse labor pool. Tenants also benefit from the County’s strong demo- graphics, including population growth of 8.1% from 2000 to 2016. n s/f remains available for de- velopment. “This transaction represents a multitude of asset classes including stabilized core prod- uct, vacant value-add product and additional land develop- ment,” said Blinebury. “In ad- dition to the highly desirable location, extensive renovations completed by Woodmont/AEW leave the assets well-posi- tioned for the user community, as evidenced by a major food distributor’s recent decision to occupy 400,000 s/f of class A space.”

I D D L E T O W N , PA — Cushman & Wakefield’s Nation-

a l I ndu s - trial Advi- sory Group ( IAG) ha s orchestrated t h e $ 7 6 . 1 million sale of Capital Lo- gistics Cen- ter in Mid- dletown. The five-building i n d u s t r i a l portfolio was acquired by an affiliated entity of Der- mody Prop- erties from a joint venture

Gerry Blinebury

Gary Gabriel

partnership of Woodmont Industrial Partners and AEW Capital Management , on behalf of one of its closed- end funds. Cushman &Wakefield’s IAG Northeast Region leads Gerry

Capital Logistics Center

was represented in-house. Capital Logistics Center’s five adjacent buildings total 1,296,494 s/f and are 74% oc- cupied. An additional 133,800

Blinebury , executive direc- tor, in Harrisburg, and Gary Gabriel , executive vice presi- dent, in East Rutherford, rep- resented the seller. The buyer

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ATAPCO Properties purchases The Baltimore Sun HQ, three-building office & garage complex

Upcoming Conferences July 27, 2017 CPA Industrial RE & Development Summit For speaking and sponsorship information, please contact: Linda at 781-740-2900 or lchristman@marejournal.com

Baltimore, MD — Ata- pco Properties (Atapco) announced the acquisition of 401, 501 & 601 North Cal- vert St., in Baltimore, MD. The three-building office and garage complex encompasses over 435,000 gross s/f of build- ing area and a six-story park- ing structure on 5.50 acres.

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401, 501 & 601 North Calvert St.

“This is a tremendous, icon- ic Baltimore asset that is at- tractive to us given the scale afforded by the existing office building and parking garage as well as significant addi-

tional development capacity,” said Brian Conklin , direc- tor of acquisitions for Atapco Properties. The headquarters location of The Baltimore Sun news-

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