Lucern Capital Partners, a real estate investment firm, has recently expanded into the Baltimore-Washington market by acquiring a 60,000-square-foot light industrial portfolio in Laurel, Maryland. The two-building property is situated at 14709 Baltimore Avenue and strategically located between the cities of Baltimore and Washington D.C. It is currently fully occupied by 16 automotive businesses that benefit from its convenient access to major transportation routes such as I-95 and U.S. Route 1.
According to Frank Forte, Managing Partner and Chief Investment Officer at Lucern Capital Partners: “This latest acquisition showcases our ability to identify lucrative opportunities in high-demand markets with limited supply.” He also added that the low availability of shallow bay products in this region makes demand for this property extremely favorable.
Overall, Lucern Capital Partners’ recent acquisition demonstrates their expertise in identifying valuable investments within competitive markets like Baltimore-Washington.
