CBRE, a leading commercial real estate firm, has successfully facilitated the sale of Baltimore Crossroads. This impressive industrial portfolio consists of six buildings spanning nearly 900,000 square feet and situated on 198 acres in Baltimore’s East Industrial submarket. The buyer, EQT Exeter, acquired the portfolio for $140.5 million.
The marketing efforts for this transaction were led by CBRE’s Bo Cashman and Jonathan Beard along with CBRE National Partners who represented the seller. With an impressive occupancy rate of 97%, Baltimore Crossroads offers convenient access to the Port of Baltimore and is strategically located within an established industrial park along the highly sought-after I-95 Corridor.
Cashman commented on this successful sale stating that it is just one example among several recent deals in Baltimore that demonstrate investors’ confidence in this region. According to a recent report from CBRE, big-box leasing activity saw a significant increase of 28.9% year over year in 2023 alone within Baltimore’s market area.
This surge in interest can be attributed to various factors such as its central location, proximity to ports and high concentration population within a radius of only 100 miles – making it an ideal location for big-box occupiers seeking strategic advantages.
