CREG Grabs 259 Acres in MD for Large Industrial Spec
ByChesapeake Real Estate Group has acquired nearly 259 acres of land on Brandon Woods III, a site located in Anne Arundel County, from Exelon Corporation, and plans to develop up to 1 million square feet of industrial and warehouse space on the property.
“The demand in the industrial market continues to grow,” Matt Laraway, CREG company partner, told Commercial Property Executive. “This was a large block of available land and it is getting increasingly scarce around here. Just finding large tracks of industrial zoned land is becoming increasingly more difficult. That made it very appealing.”
CREG will partner with EverWest Real Estate Partners on Phase I of construction, which will consist of a 500,000-square-foot, 36’ clear, speculative industrial building located near Fort Smallwood Road…
