Faropoint Acquires Industrial Property In Glen Burnie, MD For $10M

The industrial property located at 6704 Curtis Court in Glen Burnie, MD recently changed ownership in a sale transaction. The property, spanning 58,883 square feet, was sold for a total price of $10,000,000. The buyer of the property was Faropoint, while the seller was 6704 Curtis Court LLC. Colliers represented the parties involved in the transaction as the broker.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $10,000,000
• Square Footage: 58,883
• Buyer: Faropoint
• Seller: 6704 Curtis Court LLC
• Broker: Colliers

This transaction represents an important milestone for the industrial property market in Glen Burnie, MD. The involvement of Faropoint as the buyer and 6704 Curtis Court LLC as the seller highlights the competitive nature of the market. Under the representation of Colliers, both parties successfully completed the deal, showcasing the expertise and negotiation skills of the broker.