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ANOTHER INDUSTRIAL SALE…

Baltimore
ANOTHER INDUSTRIAL SALE…
ANOTHER INDUSTRIAL SALE…
You're getting tired of hearing about these, right? Of course not.Yesterday, Bentall Kennedy bought 613k SF warehouse 1900 Clark Rd in Havre de Grace for $26.4M (all cash) from a JV between Hampshire Real Estate and MCB Real Estate. Cassidy Turley's Jon Carpenter (whose team repped the seller) tells us the price is a 35%increase from when the building last sold in September 2009. Jon says that reflects a significant increase in demand for core assets, as well as the 110k SF expansion for tenant Sun Products (still leasing 100% of the building) funded by the JV in 2009.
UT with Panattoni's Reid Townsend, First Industrial Realty Trust?s Jeff Thomas, Industrial Income Trust?s Dave Fazekas
Jon (right right) tells us he just got back from a Cassidy-sponsored ski trip to Park City, Utah with Panattoni's Reid Townsend, First Industrial Realty Trust?s Jeff Thomas, Industrial Income Trust?s Dave Fazekas, and 70 others. We look forward to a picture from a slalom run (without spilling their beers).