Knickerbocker Properties Inc Leases Industrial Space In Elkridge MD To Tenant Represented By Colliers International

The industrial facility located at 6740 Business Parkway in Elkridge, MD, is a single-story Class B warehouse completed in 1994. The property, owned by Knickerbocker Properties Inc, spans 142,008 square feet on an 8.2-acre site. Situated along the Interstate 95 distribution corridor, it is approximately 14 miles from Baltimore and 33 miles from Washington, D.C.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Tenant: Alcon Vision
• Market: Elkridge
• Tenant's Rep: Michael McGugan(Colliers International), Patrick Wifler(Colliers International)
• Landlord: Knickerbocker Properties Inc
• Square Feet: 142,008

Colliers Senior Vice President Michael McGugan and Senior Vice President Patrick Wifler represented Alcon Vision in renewing its full-building lease at the Meadowridge Business Park. McGugan mentioned that this lease was one of the largest in the area in the second quarter of 2022, showcasing the high demand for industrial spaces in the Mid-Atlantic region. Invesco Real Estate, an affiliate of Knickerbocker Properties Inc, owns several industrial facilities in both the Washington, D.C, and Baltimore markets.