News
Baltimore Commercial Real Estate

B-W CORRIDOR: STEADILY IMPROVING

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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Baltimore Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building