CBRE Global Investors acquires logistics asset in Maryland

A fund sponsored by CBRE Global Investors has acquired an 889,608-square-foot bulk logistics property in Aberdeen, Md. The asset, located at 601 Chelsea Road, is situated 40 minutes northeast of Baltimore and is 100 percent leased to Rite Aid of Maryland, Inc.

601 Chelsea Road sits on 126 acres and features 36- to 38-foot clear height, 55-foot by 52-foot column spacing, a power capacity of 12,000 amps 277/480-volt, 80,000 square feet of temperature-controlled space, ESFR sprinklers, 128 dock doors, two drive-in doors, 248 trailer parking spaces, and 893 auto parking spaces.

“We believe that the site at 601 Chelsea Road is ideal for today’s modern bulk user, providing access to Baltimore’s deep-water port and connectivity to strategic markets along the I-95 corridor. Additionally, the low site coverage allows for future flexibility to provide additional trailer and auto parking or expand the facility by 300,000 square feet,” said James Munsell, director of comme