October 23, 2018
Featured Properties
Industrial Space for Lease
8840 Greenwood Place
Savage. MD 20763

Office Space for Lease
9030 Red Branch Rd
Columbia, MD 21045

Sales
Industrial
7081 Dorsey Run Rd
Elkridge, MD 21075*

SF: 20,956
Price/SF: $95.00
Buyer: Pro-Air Inc.
Seller: Ezaz Realty 1, LLC

*Condo Sale
800 Commerce Dr,
Upper Marlboro, MD 20774

SF: 131,000
Price/SF: $85.50
Buyer: Cabot Properties, Inc.
Seller: Corporate Communications Group
Office/Retail
17326-17328 Valley Mall Rd,
Hagerstown, MD 21740

SF: 4,400
Price/SF: $454.55
Buyer: Four Corners Property Trust, Inc.
Seller: Pennsylvania Real Estate Investment Trust
13900 Connecticut Ave
Silver Spring, MD 20906

SF: 262,923
Price/SF: $43.74
Buyer: Lindsay Automotive Group
Seller: Lee Development Group
Signed Leases
Industrial/ Flex
8901 Snowden River Pkwy
Columbia, MD 21044

SF: 317,490
Tenant: Classic Brands
Submarket: BW Corridor
7501 Andrews Federal Campus Dr.
District Heights, MD 20747

SF: 112,613
Tenant: Home Depot
Submarket: PG County
Office
295 Stoner Ave, Ste 202 & 204,
Westminster, MD 21158*

SF: 1,986
Tenant: Life Bridge Health
Submarket: Carroll County
1900 N Howard St,
Baltimore, Md 21218

SF: 10,500
Tenant: Veratas
Submarket: Baltimore Midtown
*Dennis Boyle of Lee & Associates represented the Landlord in this transaction
Vacancy and Absorption Rates
Industrial | Baltimore Overall
Office | Baltimore Overall
Total Space: 205,543,085
Vacant: 16,014,480
Vacancy: 7.8%
YTD Absorption: 4,222,652
Last 12 Months: 3,797,997
Total Space: 144,532,839
Vacant: 14,292,767
Vacancy: 9.9%
YTD Absorption: 139,367
Last 12 Months: 1,196,740
Commercial Real Estate News
Dennis Boyle of Lee & Associates Maryland Completes Two Medical Space Leases Totaling 3,736 SF in Westminster, MD
How Millennials Are Using Technology for More than Just Having Fun via Lee & Associates Dallas/Fort Worth http://bit.ly/2A5zAq5 

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