Sagard Real Estate, formerly EverWest Real Estate Investors, has acquired 1621 Clark Road in Havre de Grace, Md. In partnership with Chesapeake Real Estate Group (CREG), Sagard plans to develop the 14.2-acre land site into a new class A industrial distribution facility. This investment marks the fourth acquisition for Sagard Real Estate’s recently launched moderate value-add, open-end fund, which targets seaport/last-mile industrial, attainable rental housing, and other niche property subsectors in supply-constrained, high-growth markets.
Located 40 miles north of the Port of Baltimore and less than five miles from Interstate 95, the site offers direct access to the Mid-Atlantic’s major logistics corridors. The property’s central location allows access to more than 120 million people, or roughly 35 percent of the U.S. population, within a 10-hour drive, making it an ideal site for regional distribution and e-commerce operations.
“We’re excited to develop a ne
