Tate, Inc., a global flooring manufacturer and installer, has recently sold its U.S. company headquarters to Gaulin Properties for $18.5 million. The sale was brokered by MacKenzie Commercial Real Estate Services, LLC for the 121,211 square foot warehouse building located at 7510 Montevideo Road in Jessup, Maryland.
Following the sale of the property, MacKenzie was chosen as the exclusive leasing broker by Gaulin Properties. Representing Tate Inc., Senior Vice Presidents and Principals Matthew Curran and Andrew Meeder facilitated this transaction and will continue to handle all leasing responsibilities.
The building is situated on a spacious 10-acre site with an updated two-story office component. It also includes excess land that can be used for outdoor storage or trailer parking along its perimeter. Conveniently located less than 14 miles from Baltimore’s Fairfield Marine Terminal port facility, it offers easy access to Washington D.C within an hour’s drive and Philadelphia within two hours.
