“Industrial Property of 66K Square Feet Sells for Million”

A multi-million dollar sale of a warehouse and distribution center in Hanover, Maryland has been successfully facilitated by Colliers. The team, led by Thomas Gentner, Brian Watts, Brian Siegel, and Jason Sullivan, brokered the million deal for Rialto Capital-managed vehicles.

The property, initially constructed in 1972 as a data center, has been returned to its original configuration to align with technological advancements. Located on a sprawling eight-acre site at 7150 Standard Drive near BWI Airport, the facility boasts 6,050 square feet of office space, a fenced area, 20-foot clear ceiling heights, six dock high doors, four drive-in doors, and 2,800 amps of electrical service.

Gentner expressed his gratitude towards Rialto for their collaboration in the demolition, transformation, and marketing of the property, emphasizing how it enabled them to reposition the facility in the market with minimal disruptions. This successful venture highlights the potential for adaptive reuse in real estate projects, showcasing the importance of strategic partnerships in the commercial property sector.

spot_img

More from this stream

Recomended

Ecuador’s Crime-Fighting Strategy Gains Popularity, Yet Faces Significant Hurdles Ahead!

Discover the implications of President Daniel Noboa's decision to classify prisons as "security zones" under police and military control. Learn about his commitment to maintaining this policy if re-elected and the challenges it poses. Source: The Converser.

“Kim Jong-un’s Bold Move: Unleashing a Second Wave of Soldiers to Ukraine – Discover the Reasons Behind This Surprise! “

Discover the implications of North Korea's agreement with Putin to send thousands of troops to Ukraine, as significant losses impact both nations. Get insights from The Converser.

“The Rise of a New Imperial Era: How Global Leaders Are Redefining Power Dynamics”

Discover how modern world leaders are rekindling the quest for imperial power and glory, signaling a potential return to the age of empires. Insights from The Converser.

“Shaking Santorini: The Mysteries of an Ongoing Earthquake Swarm!”

Discover why several thousand earthquakes have been recorded near the Greek island since late January. Uncover the geological insights and implications behind this seismic activity, brought to you by The Converser.

Unveiling the Surge: Exploring the Rise of Support for Germany’s Far-Right AFD in Engaging Discussion!

Discover insights from Rolf Frankenberger, a leading expert on right-wing extremism in Germany, as he discusses the vision of Germany the AFD aims to restore in this enlightening interview with The Converser.

Girl’s lives at risk: Alarming study reveals female genital mutilation as a major cause of death.

Discover the alarming results of a study revealing that female genital mutilation or cutting is a major contributor to mortality, with a young woman or girl dying every 12 minutes. Learn more about this critical issue from The Converser.