1750 Forest Drive was initially constructed as a retail property. Picture courtesy of Hyatt Industrial
Manekin has signed a 14,732-square-foot lease at a 125,000-square-foot Class A workplace constructing in Annapolis, Md., inside metro Baltimore. Hyatt Industrial negotiated on behalf of the owner. Verbal Beginnings, an ABA remedy supplier, will joint different tenants on the property, akin to Bodily Remedy Group, South River Mortgage, RedZone and Steiner Houck, amongst others.
1750 Forest Drive is a second-generation workplace redevelopment that encompasses a two-story glass atrium, a café space, showers, bike storage amenities, outside areas and customary areas. Moreover, the property consists of two passenger elevators, 28,000 to 62,000-square-foot ground plates and 531 car parking spots, in keeping with CommercialEdge. The present possession bought the asset in 2016 for $9 million, from vendor Maryland Car Insurance coverage Fund, in keeping with the identical supply.
Initially constructed as a retail facility in 1973, the property served as the previous headquarters for the vendor and underwent a renovation program accomplished in July 2019. The repositioning of the single-story constructing was made by a partnership between Manekin and Murphy Industrial Actual Property.
The 8-acre property is near a number of bus stations, 22 miles from Washington Worldwide Thurgood Marshall Airport, 29 miles from downtown Baltimore and inside 30 miles of Washington, D.C. Hyatt Industrial’s staff of Senior Vice President Laurie Murphy-Zuiderhof and Vice President Randy Miller negotiated on behalf of the owner.
Important offers in Baltimore
A current vital leasing deal within the space was Morgan Stanley’s extension and growth settlement at Thames Avenue Wharf. In November 2022, the Morgan Stanley dedicated to an extra 46,000 sq. toes on the location, leading to a complete footprint of 242,000 sq. toes.
In July, Cushman & Wakefield turned the unique leasing agent of Baltimore Peninsula, a 235-acre redevelopment challenge. Developed by MAG Companions and MacFarlane Companions, the mixed-use challenge will embody 440,000 sq. toes of workplace area situated inside two Fitwel-certified buildings.
