White Marsh Interchange Park aerial rendering. Picture courtesy of Merritt Properties
Merritt Properties has begun the event of White Marsh Interchange Park, a nine-building, 750,000-square-foot industrial campus in White Marsh, Md. The primary part of the venture, consisting of three buildings totaling 235,000 sq. toes, is anticipated to ship within the spring of 2024.
The event is taking form at 10301 Philadelphia Highway, on 56 acres that Merritt acquired in 2021. The positioning was house to a Common Motors facility that closed in 2019.
White Marsh Interchange Park, up shut
The primary improvement part will comprise Constructing A, measuring 167,900 sq. toes with 32-foot clear heights, along with Constructing H and Constructing I, of 34,000 sq. toes every and 20-foot clear heights. The next six services will vary from 50,500 to 151,800 sq. toes. The property will characteristic rear-loading docks and ample parking with trailer storage.
At full build-out, the campus may have flex/mild industrial area capabilities starting from 3,000 sq. toes to 167,000 sq. toes. Facilities are set to incorporate out of doors seating areas, garden video games and a strolling path. Merritt Development Providers will handle the event’s building.
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Located off Interstate 95 and 5 miles from Interstate 695, the property provides quick access to the bigger Maryland and Northeastern areas. Port of Baltimore is roughly 13 miles southwest.
Baltimore’s industrial scene
The venture is inside Merritt’s Baltimore County East portfolio, which is 95 p.c leased. Regardless of considerations of a recession and financial volatility, the commercial actual property market is performing extraordinarily properly, with no exception within the Baltimore space.
The Baltimore industrial market had greater than 3.3 million sq. toes within the pipeline as of April, in accordance with a CommercialEdge report. The emptiness fee clocked in at 3.5 p.c, 60 foundation factors decrease than the nationwide common of 4.1 p.c.
