International firm acquires four suburban Baltimore warehouses for $28.6M
An international real estate investment trust has entered the Greater Baltimore market with the purchase of four warehouses for $28.6 million.
An international real estate investment trust has entered the fast-growing Greater Baltimore industrial market with the purchase of four warehouses for $28.6 million. The REIT is based in Tel Aviv with a U.S. office in Hoboken, New Jersey and is focused on small to medium last-mile logistics facilities. The deals are the latest industrial properties to change hands or lease this year. "Last quarter, the Washington-Baltimore MSA showed a record high net absorption and is one of the most economically diverse areas in the U.S., making it a great addition to our overall push to diversify geographically. " The seller was a joint venture between Feldman Bergin Properties and Fortified Property Group. The seller was High Street Logistics Properties.