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Paragon Bioservices Fully Leases Brand New Spec Complex in Greater Baltimore

PREI, TCC Secure Tenant for 151,000-SF Facility in Harmans
February 20, 2018
Paragon Bioservices, a leading Baltimore-based biopharmaceutical company, agreed to fully lease the brand new industrial complex at 7555 Harmans Rd. in Harmans, MD.

Principal Real Estate Investors and Trammell Crow Co. built the 151,200-square-foot, single-story facility on spec about 15 miles south of Baltimore in the BWI/Anne Arundel Industrial submarket.

Jarred Testa, John Boote and John Wilhide of Cushman & Wakefield’s Baltimore industrial team represented PREI and TCC in negotiations, while Frank Graybeal of CBRE represented Paragon Bioservices.

With 7555 Harmans now fully leased, PREI and TCC will focus their efforts on leasing out 7565 Harmans Rd., a 138,350-square-foot industrial warehouse the venture developed adjacent to 7555 Harmans. That property, which features a 32-foot clear height, ESFR sprinkler system, and ample parking and trailer storage capabilities, is currently being marketed by the same team at Cushman & Wakefield.
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