Greysteel arranges the sale of a150,000 s/f industrial assemblage in Baltimore
Baltimore, MD —Greysteel, a national commercial real estate investment services firm, represented the seller and procured the buyers in the sale of 901 W Ostend St. and 1226 Wicomico St., a 150,000 s/f industrial building in the Pigtown neighborhood of Baltimore.
The transaction team was led by Greysteel associate Zach Benlemlih and managing director Benjamin Wilson of the firm’s Mid-Atlantic Commercial Team.
The property is located in the Pigtown/Carroll-Camden neighborhood of Baltimore, southeast of the inner harbor, an area that has been slowly building appeal as a low-cost alternative for manufacturing and distribution owners and tenants looking for space. The property was divided into two separate transactions and sold to two owner-users.
1226 Wicomico St. features a 32,000 s/f building with attractive brick construction and 35-foot ceilings. Originally built in 1885 by The Chesapeake Gas Works, the property will now be home to Sandtown Furniture Company. Sandtown Furniture Company will use the space as their new headquarters, showroom, and manufacturing facility.
The other half of the transaction was the sale of 901 W Ostend St. which is a 116,000 s/f warehouse that runs from the Wicomico site up to Ostend St., along W Hamburg St and Wicomico St. 901 W Ostend was purchased by Mayorga Organics which will be relocating their coffee roasting and distribution operations from Silver Spring to the property.