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Merritt Properties secures $750 million to expand shallow bay industrial portfolio

Baltimore developer also names new CEO
Merritt's portfolio includes this building at 1740 Twin Springs Road in Baltimore. (CoStar)
Merritt's portfolio includes this building at 1740 Twin Springs Road in Baltimore. (CoStar)

A Baltimore-based real estate developer received a $750 million investment that includes capital to expand its shallow bay industrial portfolio as the company undergoes a leadership shakeup.

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