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Follow on Google News | Cushman & Wakefield Arranges 70,133-Square-Foot Lease for SephoraRetailer takes warehousing/distribution space in suburban Maryland
By: Caryl Communications, Inc. “The availability at 4611 Mercedes Drive provided a perfect scenario for Sephora,” said Christopher Wright, director, Cushman & Wakefield in Baltimore. “In addition to requiring more space, the company needed additional parking for its employees, and 4611 Mercedes fulfilled both requirements.” Constructed in 1990, the 178,133-square- “We have been seeing an uptick in this industrial market,” said Wright, noting that Belcamp is in Harford County, north of Baltimore. “The vacancy rate has dropped a bit, and some new product is coming on line, including at least one spec building. This transaction is another indication of the improving industrial climate.” Cushman & Wakefield, Inc.'s industrial brokerage platform provides global resources for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2010, this group completed more than 4,800 industrial real estate transactions nationwide – totaling 141.6 million square feet in leases and 52.9 million square feet in sales – with an aggregate value of nearly $5 billion. This represented a year-over-year revenue increase of 26.7 percent. End
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