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Tom Steyer's Galvanize Real Estate Acquires Industrial Portfolio In Maryland For $112M From Link Logistics

Property Image
SOLD
$112,000,000
Robert "Bo" Cashman
Jonathan Beard
Tom Steyer

Maryland

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Industrial
Sold 07/28/2025
the dealplayerscompscontact
Property Image
SOLD

Tom Steyer's Galvanize Real Estate Acquires Industrial Portfolio In Maryland For $112M From Link Logistics

9045 Junction Drive, 8335 8373 Ardwick Ardmore Road, 8375 8413 Ardwick Ardmore Road & 6500 Sheriff Road

See Similar Deals
Industrial
Sold 07/28/2025
Robert "Bo" Cashman
Jonathan Beard
Tom Steyer
the dealplayerscompscontact
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Summary

MARYLAND
Asset Type:Industrial
Transaction Type:Sale

The transaction involves a five-property industrial portfolio located at 6940 San Tomas Road, 9045 Junction Drive, 8335-8373 Ardwick Ardmore Road, 8375-8413 Ardwick Ardmore Road, and 6500 Sheriff Road in the markets of Elkridge, Annapolis Junction, Hyattsville, and Landover, MD. The sale price of the portfolio is $112,000,000, encompassing a total square footage of 683,000 square feet.

Summary of transaction details:

This acquisition marks Tom Steyer's Galvanize Real Estate's fourth deal and second within the state of Maryland. The firm plans to implement solar installations and reduce emissions by nearly 35,000 metric tons over a period of 30 years as part of its mission to decarbonize assets.

Players

Robert "Bo" Cashman
CBRE
Robert Cashman
7 deals$615.9M volume
BROKER
Jonathan Beard
CBRE
Jonathan Beard
7 deals$615.9M volume
BROKER
CBRE
CBRE
BROKERAGE
Tom Steyer
Galvanize Real Estate
Tom Steyer
1 deal$112M volume
BUYER
Galvanize Real Estate
Galvanize Real Estate
BUYER

Details

SOLD
IMAGE: 07/28/2025 ADDRESS: 6940 San Tomas Road, 9045 Junction Drive, 8335-8373 Ardwick Ardmore Road, 8375-8413 Ardwick Ardmore Road & 6500 Sheriff Road MARKET: Elkridge, Annapolis Junction, Hyattsville, Landover, MD ASSET TYPE: Industrial BUYER: Tom Steyer - Galvanize Real Estate SELLER: Link Logistics BROKERS: Robert Cashman & Jonathan Beard - CBRE SALE PRICE: $112,000,000 NOTE: Tom Steyer’s Galvanize Real Estate acquired a five-property industrial portfolio in Maryland for $112M from Blackstone’s Link Logistics, marking its fourth deal and second in the state. The 683,000-square-foot purchase aligns with the firm’s mission to decarbonize assets, with plans for solar installations and emissions cuts totaling nearly 35,000 metric tons over 30 years.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$397,912.35
Cash-on-Cash Return-1.27%
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