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B-W CORRIDOR: STEADILY IMPROVING

Baltimore
B-W CORRIDOR: STEADILY IMPROVING
Peter Schultz, Baltimore Industrial Real Estate Summit, Bisnow, First Industrial Realty Trust, REIT, industrial, Baltimore, MD
That's how First Industrial Realty East Coast head Peter Schultz yesterday described the industrial market. Demand from government contractors, consumer products, and third-party logistics providers is picking up, he says, though uncertainty about gas prices, consumer confidence, and economic growth means tenants take a long time to make decisions. Peter tells us First Industrial is putting cash into redeveloping some of its existing area properties to attract higher-finish users. He says an abundance of capital is available for the right assets. Earlier this month, his firm closed a $178.3M secured financing deal for 32 of its properties at 4.45% and a 70% LTV. Sign up today to hear Peter speak at our Baltimore Industrial Real Estate Summit on June 7. He'll be joined by an all-star cast from ProLogis, Liberty Property Trust, CBRE, Transwestern, and more.