GID acquires two industrial portfolios totaling 1.39msf from Link Logistics
GID has acquired two industrial portfolios located in the Interstate-95 Baltimore-Washington Corridor and North Las Vegas markets, adding 1.39 million square feet to the firm’s portfolio. With 14 buildings across the portfolio, these acquisitions represent significant growth for the industrial platform and are aligned with the firm’s strategy to acquire, develop, and manage light-industrial assets in high-barriers-to-entry locations with density and high incomes.
Totaling 959,570 square feet, the I-95 Baltimore-Washington Corridor portfolio comprises nine buildings with locations in Baltimore and Howard County. The portfolio is occupied by 33 diverse tenants and offers 180 dock doors with clear heights of 18 feet to 24 feet clear, as well as a wide range of suite sizes. This is GID Industrial’s first acquisition in the corridor, representing significant capital deployment and immediate scale in a highly desirable market.
The North Las Vegas Portfolio, known as Ne