Berkley Partners Acquires Industrial Property In Jessup, MD For $30M

The industrial property located at 8215 & 8220 Wellmoor Court in Jessup, MD was recently sold in a transaction. The property spans an impressive 16.4 acres and is classified as an industrial asset. The sale took place on January 21, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $30,000,000
• Address: 8215 & 8220 Wellmoor Court, Jessup, MD
• Market: Jessup, MD
• Square Footage: 191,700 SF

The buyer in this transaction was Berkley Partners, while the seller was Spector Family LLC. Representing both parties were Christopher Abramson, Brian Kruger, Ben McCarty, Nicholas Signor, and Erik Evans from Newmark.

The sale price for the property was $30,000,000, resulting in a price per square foot of $156.