A former Giant Food distribution center, said to be the largest unoccupied warehouse in Maryland, has been sold to new owners. The 775,000-square-foot property, 7600 Assateague Drive in the Maryland Wholesale Food Center in Jessup, close to Interstate 95, was sold by Cushman & Wakefield to a joint venture consisting of New York Life representing institutional investors, and Mosaic Realty Partners. The seller was Warex-Jessup LLC. The sale price of the property was not disclosed. The entire 60-acre property, consisting of a 728,073-square-foot main building with separate building and site entrances for two tenants, a vehicle maintenance building, a small cross-dock building and a guard shack with perimeter fencing, is available for lease. Cris Abramson, Brian Kruger and Nick Signor of C&W’s capital markets team coordinated the sale on behalf of the seller, in conjunction with the industrial team of Michael Elardo, Jared Ross and Michael Kimmel. Elardo, Ross and Kimmel remain as the exclusive leasing agents, and will coordinate the marketing efforts.
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- 01 May 2013Giant’s former Jessup warehouse, one of Maryland’s largest unoccupied industrial buildings, sells