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23

Investor Appetite for Industrial Continues in Baltimore-DC Region

By Tony Seruga

7466 Candlewood Road, Hanover, MD

HANOVER, MD—The three-building Candlewood Commerce Center here has been sold by TIAA-CREF to Dallas-based Westmount Realty Capital for $26.6 million.

The deal is another example of continued strong investment interest in industrial real estate assets in the Baltimore-Washington corridor.

The center, comprised of 7462, 7466 and 7468 Candlewood Road in Hanover, is 40% leased and totals 357,701 square feet of industrial space. Jonathan M. Carpenter, Nicole R. Keelty and Graham Savage ofDTZ’s Baltimore Capital Markets team represented the seller, TIAA-CREF in the transaction…

Investor Appetite for Industrial Continues in Baltimore-DC Region

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