| The International Book Bank inked a 45k SF lease late least week at 4000 Buena Vista Ave in Baltimore City after a two-year search involving a half-dozen options. Gold Commercial prez Mitch Gold represented landlord Ziegfield Corp and tells us the 65k SF building is now 100% leased (North Baltimore Cabinets has been there for a decade). Ziegfield's spending at least $100k on tenant improvements, Mitch says. He also tells us he's noticing a bump in sales activity: ?during the worst of the recession, sales only accounted for about 20% of my deals,? he says. ?Now it's closer to 40%.? Mitch sees big increases in value for Baltimore City industrial product down the road, although he says it's unclear when exactly that will be. Don't forget that Bisnow's Industrial Real Estate Summit is June 7. The all-star cast includes First Industrial Realty Trust EVP Peter Schultz, Industrial Income Trust managing director Dave Fazekas, and many more. Sign up today! |
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