Baltimore, Maryland

The Colliers Pinkard Investment Services Group is pleased to announce the sale of 1900 Clark Road in Havre de Grace, Maryland for $13,500,000. The subject property is a 100% leased, 502,768-square-foot bulk industrial building with a 110,369-square-foot planned expansion.  The buyer, a joint venture between MCB Real Estate and the Hampshire Funds, will spend an additional $6,000,000 to immediately expand the property for the Sun Products Corporation, the sole tenant in the building.

“This was a complicated transaction that involved identifying a buyer with the capability to not only develop the 110,369-square-foot building expansion within a short period of time, but to acquire the existing property and fund the expansion with all cash.” said Jonathan M. Carpenter, Senior Vice President of Colliers Pinkard’s Investment Services Team. 

The Colliers Investment Services Team led by Jon Carpenter, Jay Wellschlager and Phil Iglehart and partnering with Colliers Pinkard's industrial leasing experts Rick Latini and Craig Lewis, represented the seller, Solo Cup Corporation, in this September 2009 transaction.

About Colliers Pinkard
Colliers Pinkard has consolidated its ownership structure with Colliers Turley Martin Tucker, Cassidy & Pinkard Colliers, and Colliers ABR, forming a holding company that is one of the largest commercial real estate service firms in the U.S.  In 2008, the consolidated entity completed more than $9.2 billion in worldwide transactions, including over $3.5 billion in capital markets transactions, and managed more than 335 million square feet of real estate.  The Corporate Solutions division supports more than 22,000 locations for Fortune 1,000 companies and delivers a new location “Every 80 Minutes.”  Colliers International is ranked as one of the 2009 World’s Top 100 outsourcing service providers by International Association of Outsourcing Professionals, IAOP Top 100.  CISG is among the leaders in connecting capital with real property.  With over 60+ members nationwide completing billions of dollars in investment sales transactions, CISG professionals provide unparalleled breadth and depth of services to both private and institutional clients.  For more information about Colliers International, a worldwide affiliation of independently owned and operated companies, visit www.colliers.com.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 12,700 employees span the world in 294 offices in 61 countries. On a worldwide basis, Colliers manages 1.1 billion square feet, and has revenue of $US 1.6 billion.

Contact Information

Rebecca Murphy
410.752.4285

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