12/16/2008

Loan arranged for Maryland warehouse

by
Holliday Fenoglio Fowler (HFF) arranged $27 million in financing for a warehouse facility along the Interstate 95 corridor between Baltimore and Washington, D.C.

Financing was arranged for Exeter Property Group, which purchased the 612,000 square foot warehouse at 7605 Dorsey Run Rd. in Jessup, Md., in July for $40.5 million.

The warehouse has 32-foot clear ceiling heights and is cross-docked designed, with 122 loading docks and storage available for 111 trailers. It is positioned to benefit from two major events in the Baltimore-Washington Corridor: the Base Realignment and Closure Act, which will bring more than 20,000 jobs to the areas surrounding Fort Meade, and the ongoing Route 1 Revitalization Effort, which will bring new road access, upgraded streetscapes and an improved environment for local and regional businesses.

Address: 7605 Dorsey Run Rd., Jessup, Md.

Size: 612,900 square feet

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Filed Under: Industrial

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