Gavigan’s Furniture Acquires 177,536 Square Foot Industrial Building In Linthicum Heights For $17.75M

The Commerce Corporation Building located at 700 Evelyn Avenue in Linthicum Heights, MD, is an industrial property acquired for $17.75 million. The building spans 177,536 square feet, equating to a price per square foot of $100. This asset has been leased by Gavigan’s Furniture for over a decade prior to the purchase.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,750,000
• Address: 700 Evelyn Avenue
• Market: Linthicum Heights, MD
• Square Footage: 177,536
• Price Per Square Foot: $100
• Buyer: Gavigan’s Furniture
• Brokers: Matthew Curran & Andrew Meeder - MacKenzie Commercial Real Estate Services

MacKenzie Commercial Real Estate Services played a vital role in this transaction, with brokers Matthew Curran and Andrew Meeder representing Gavigan’s Furniture. The acquisition allows the buyer to effectively manage long-term occupancy costs and supports the company's future expansion plans.