Henry Bath, Inc., a division of Sempra Energy Trading Company, needed to expand their presence at the Port of Baltimore. Their goal was to divest themselves from third-party logistics service providers and lease and manage their own facilities.

Challenge
Henry Bath, Inc. required industrial properties with:

• Large sections of available warehouse space of 500,000(+) square feet
• Heavy floor load capacity
• Active rail service
• Foreign trade zone status
• Close proximity to the Port of Baltimore

Services

• Targeted appropriate available buildings
• Relocated short-term tenants from targeted warehouse facilities
  Secured and exercised leasehold renewal rights of neighboring tenants to satisfy future expansion space needs

Results

• Fastracked lease negotiations of (2) desired industrial properties totaling 571,527 square feet
• Strategically negotiated for both buildings concurrently, creating a competitive environment and keeping the negotiated rental rates below market pricing

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