December 13, 2018

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Featured Properties

Industrial Space for Lease 1334 Ashton Rd, Hanover, MD 21076 + View Details + Contact Broker Office Space for Sale 5401 Twin Knolls Rd, Columbia, MD 21045 + View Details + Contact Broker

Sales

Industrial/Flex

19224 Longmeadow Rd, Hagerstown, MD 21724 SF: 287,300 Price/SF: $32.19 Buyer: K & S Capital Seller: Camelot Real Estate LLC

1731 Midway Rd, Odenton, MD 21113 SF: 126,080 Price/SF: $63.35 Buyer: Black Creek Group Seller: Chevtech LTD Partnership

Office/Retail

5397 Twin Knolls Rd, STE 18 Columbia, MD 21045* SF: 1,571 Price/SF: $222.79 Buyer: CPKE Twins Knolls, LLC Seller: Gordon and Phyllis McGlophlin

5625 Fishers Ln & 12735 Twinbrook Pky. Rockville, MD 20852** SF: 229,905 Price/SF: $439.31 Buyer: GI Buyer Seller: The JBG Partners

*Bill Harrison and Austin Eber of Lee & Associates represented the Seller in this transaction ** Part of a portfolio sale

Signed Leases

Industrial/ Flex

8725 Bollman Pl, STE 6 Savage, MD 20763* SF: 2,604 Tenant: LP Products, LLC Submarket: Route 1 Corridor

7377 Washington Blvd, STE 103-104 Elkridge, MD 21075** SF:7,200 Tenant: 4 Service Group, LLC Submarket: Route 1 Corridor

Office/Retail

9114 Philadelphia Rd, Ste 104 Westminster, MD 21157*** SF: 2,383 Tenant: Marksmen Company Submarket: Baltimore County East

7404 Executive Pl, STE 225B Lanham, MD 20706**** SF: 2,073 Tenant: Fetherson & Knight Psychological Services, LLC Submarket: Greenbelt

*Kate Jordan and Marley Welsh of Lee & Associates represented the Landlord and Tenant in this transaction **Allan Riorda of Lee & Associates represented the Tenant in a renewal in this transaction *** Marley Welsh and Alex Shearer of Lee & Associates represented the Tenant in this transaction **** Bill Harrison and Austin Eber of Lee & Associates represented the Landlord in this transaction

Vacancy and Absorption Rates

Industrial | PG County

Office | Carroll County

Total Space: 52,744,808 Vacant: 3,173,200 Vacancy: 6.30% YTD Absorption: 442,117 Last 12 Months: 501,564

Total Space: 2,775,098 Vacant: 284,039 Vacancy: 10.20% YTD Absorption: 29,847 Last 12 Months: -89,904

View Lee & Associates 2018 Q3 Market Report Here

Commercial Real Estate News

Steve Weiss of Lee & Associates Maryland Brokers Two Investment Sales Transactions Totaling $8.14 M in Ashburn, Virginia and College Park, Georgia +read more

Automobile dealership #appraisals go beyond the physical property to include competing dealerships, supply and demand factors, demographics, traffic counts and vehicle sales. +read more

Allan Riorda, president of Lee & Associates gives him take on the Washington Metro Expansion +read more

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