Cresa Baltimore represents Holt Paper & Chemical in 30,000 s/f lease renewal
Baltimore, MD — Cresa Baltimore recently represented Holt Paper & Chemical in a 30,000 s/f lease restructuring and renewal at 1381 Western Ave. in Baltimore, MD. Cresa is the world’s largest corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of integrated services.Holt Paper & Chemical, a local, family-owned paper and janitorial supply company, will continue to occupy a portion of the 185,468 s/f, single-story, standalone, industrial space located in the Western Business Center. Scott Wingrat and Drew Peace of Cresa represented the tenant in the transaction. According to Wingrat, the client is happy with the building’s close proximity to I-95, easy access to customers in DC and Baltimore, and excellent building signage, which provides “strong brand recognition.” Peace said Cresa was able to negotiate more favorable terms, which will allow the company to upgrade its space.
The landlord, DCT Industrial Trust, Inc., was represented by Toby Mink from CBRE. Cresa has area offices in the District of Columbia; Baltimore, MD; Bethesda, MD; and McLean, VA.
In other news...Cresa Washington DC recently promoted Jonathan Harms, Aaron Berkey, and William Tidwell to principal. The three professionals were previously senior vice presidents at the firm. Harms, who has been with Cresa since 2004, is responsible for strategic planning, financial analysis, business terms structuring, and negotiating transactions. He was recognized as a Top Producer by Cresa in 2014 and received the company’s Largest Deal Award in 2010 and 2014. A LEED-Accredited Professional, Berkey specializes in comprehensive strategic planning, global account management, lease negotiations, and mitigation of the costs and risk associated with growth stage technology companies. He was named one of Cresa’s Top Producers in 2014 and was the recipient of the company’s Collaboration Award in 2015. Tidwell, with nearly 20 years of industry experience, joined Cresa in 2009 after serving as a senior director of brokerage services in the McLean, VA, office of Cushman & Wakefield for 13 years. During his career he has been responsible for transactions in excess of 8 million s/f. Tidwell has been the recipient of many awards from Cresa, including Top Producer from 2012-2015.