327-Acre Frederick Site Hits The Market With 3M SF Of Potential Industrial Development
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Industrial users looking to build large-scale facilities in the D.C.-Baltimore area have a new opportunity to explore.
Mackintosh Realtors is representing the Renn family, the owner of the 327-acre Renn Farm in Frederick, Maryland, and is marketing the site to industrial users or developers looking to build major facilities.
The site was annexed by the city of Frederick in August, putting it within the city's borders and taxation range. The city then rezoned the property from agricultural to light industrial, and Mackintosh said it can support up to 3M SF of development. The site has water and sewage infrastructure installed, making it easier for an industrial development to begin.
"Having available zoned land with appropriate infrastructure is critical to attracting quality employers and investment," Frederick Department of Economic Development Director Richard Griffin said in a release. "The annexation will contribute to the potential for new employment and an increased city tax base, which is vital to long-term municipal sustainability."
Frederick is less than 50 miles from both D.C. and Baltimore. D.C. and its immediate suburbs have not experienced the surge of last-mile industrial projects that other markets have, in part because of a lack of available land and the higher profits that can be made from multifamily uses. The Renn Farm site is being marketed as one of the largest contiguous industrial properties available near D.C. and Baltimore, and it may benefit from its proximity to the two major cities.
"The Renn Farm is sizable enough to accommodate a number of large companies that want to purchase and locate there," Mackintosh Realtors co-owner Jm Mackintosh said in a release. "The property offers access to the Mid-Atlantic region's enormous distribution, consumer and employment base."