EQT Exeter Acquires Baltimore Crossroads Industrial Portfolio For $140.5M

The $140.5 million sale of Baltimore Crossroads, a 900,000-square-foot industrial portfolio spanning 198 acres in Middle River, MD, has been facilitated by CBRE. The properties included in the transaction are located at 1405 Tangier Drive, 1409 Tangier Drive, 1411 Tangier Drive, 11503 Pocomoke Court, and 11505 Pocomoke Court.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $140,500,000
• Address: 1405 Tangier Drive, 1409 Tangier Drive, 1411 Tangier Drive, 11503 Pocomoke Court, and 11505 Pocomoke Court
• Market: Middle River, MD
• Square Footage: 900,000
• Price per Square Foot: $156
• Brokers: Robert Cashman & Jonathan Beard - CBRE

EQT Exeter is the buyer of the industrial portfolio at Baltimore Crossroads, a significant acquisition in the East Industrial submarket of Baltimore. The sale was successfully concluded on 07/02/2024, with CBRE playing a crucial role in the transaction. Robert Cashman and Jonathan Beard, representing CBRE, were instrumental in the $140.5 million deal.