Adler Real Estate Partners, a Miami-based asset management firm specializing in multitenant light industrial properties, has secured $37 million in acquisition financing for Ammendale Technology Park, a 275,270-square-foot shallow-bay light industrial portfolio in Beltsville, Md. The property encompasses six buildings located at 11800, 11850 and 11900 Baltimore Ave. and 12104, 12200 and 12240 Indian Creek Court.
Built in 1985 and 1986, the portfolio is well suited for light industrial, technology and distribution users. Five of the six buildings offer 20-foot clear heights, and the loading is predominantly dock-high, with 42 dock-high positions and 10 grade-level doors. The buildings also include truck courts of 65 to 135 feet, building depths of 100 to 190 feet and flexible column spacing. The 31-acre site includes 675 parking spaces. Suites range from 3,500 square feet to 36,000 square feet. The property is 96 percent leased to 24 tenants across the technology, distribution
