crefeed.com | Maryland warehouse sells for $14.5 million

8/21/2007

Maryland warehouse sells for $14.5 million

7540 Assateague St.

Maryland-based Lancaster Foods bought a 205,000 square foot freezer warehouse from Giant Food for $14.5 million on Aug. 21.

Ben Meisels of CB Richard Ellis represented Lancaster while brokers from Preston Partners and Jones Lang Lasalle represented Giant Foods.

The 24-acre property is located at 7540 Assateague Dr. in Jessup, Md. It features 36 loading docks and two drive-in bays.

Lancaster plans a major renovation to the property and looks to move in during the first quarter of next year.

Giant Food is a Washington, D.C.-based grocery company that serves customers in Baltimore, Washington, D.C., New Jersey and Delaware.

Jessup, Md.-based Lancaster Foods is a subsidiary of Guest Services Inc., a private hospitality management company located in Fairfax, Va.

CB Richard Ellis is a Los Angeles-based commercial real estate services firm.

Jones Lang Lasalle is one of the world's largest real estate and investment management companies.

Address: 7540 Assateague St., Jessup, Md.

Size: 205,000 square feet/24 acres

Filed Under: Industrial

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

Related Headlines

Colliers International welcomes three brokers in California - 5/29/2009
Texas hotel sells for $4.275M - 5/29/2009
Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
California industrial building sells for nearly $3 million - 5/29/2009
NAI facilitates sale of Alaska mixed-use building - 5/28/2009
Long Beach retail center commands $6.05M - 5/28/2009
Florida land fetches $2.725M - 5/28/2009
Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
Colliers Arnold stays busy in Tampa - 5/27/2009
Colliers sells two buildings in California - 5/27/2009