Aminim Group Secures Acquisition Financing For 2209 Sulphur Spring Rd Warehouse

The property at 2209 Sulphur Spring Road in Baltimore, with a size of 313,000 square feet, has been acquired with acquisition financing secured by JLL Capital Markets. Located near Interstates 95 and 695, the fully leased infill warehouse features one acre of fenced storage, 35 loading docks, heavy power, security, and the potential for 56 trailer drops. Tenants at the industrial facility include Liberty Tire Recycling and Indusco Wire Rope & Fittings. The property underwent $6.5 million in capital improvements since 2013, including upgrades to the roof, lighting, dock seals, levers, and facade accents.

Summary of transation details:

• Property Type: Warehouse
• Transaction Amount: Not Disclosed
• Address: 2209 Sulphur Spring Rd, Baltimore, MD
• Market: Halethorpe
• Borrower's Rep: Paul Spellman (JLL)
• Lender: Unknown Correspondent life insurance company

The acquisition financing for the property was secured by Paul Spellman of JLL on behalf of the new owner, Aminim Group. Jay Wellschlager, Bruce Strasburg, Craig Childs, and Elizabeth Runge of JLL represented the seller, The O’Donnell Group, in the transaction. The property, which is just 7.5 miles from Baltimore/Washington International Thurgood Airport, successfully transitioned from a full-building vacancy in December 2017 to full occupancy within 12 months, with an average lease term of over seven years. Aminim Group, the new owner, is a privately held commercial real estate investment company based in Jerusalem, Israel.