An investment vehicle currently managed by Grandview Partners has purchased Mid-Atlantic Commerce Center for $88 million, or about $103 per square foot, making it the largest-ever single-asset industrial sale by square footage in the Baltimore-Washington Corridor market, according to CoStar data. A joint-venture between Manekin and Boston-based AEW Capital Management sold the Jessup, Maryland, facility.
Grandview Partners' Acquisition Marks Largest Industrial Transaction Along Baltimore-Washington Corridor
Joint Venture Sells Mid-Atlantic Commerce Center for $88 Million
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IN THIS ARTICLE
- Properties
- Mid-Atlantic Commerce Center
7600 Assateague Dr, Jessup, MD
- Contacts
- Benjamin McCarty
Managing Director, Newmark
- Brian Kruger
Senior Managing Director, Newmark
- Cristopher Abramson
Executive Managing Director, Newmark
- Nicholas Signor
Managing Director, Newmark