JLL announces today it has been named exclusive listing agent at 7600 Assateague Drive in Jessup, Maryland. Formerly known as the Baltimore-Washington Logistics Center, the 60-acre, one million square foot Class A redevelopment project will be rebranded as the Mid-Atlantic Commerce Center (MACC) and is one of the largest warehouse/distribution assets in the region.
The JLL team will be led by Mark G. Levy, Managing Director, Greater Baltimore Market and Mid-Atlantic Industrial and Logistics Group Leader, in addition to Dave Dannenfelser, Ben Meisels, and Tyler Boykin. “Situated just one mile from Interstate 95, MACC is in the heart of the Baltimore-Washington corridor in the heart of the 4th largest CMSA in the U.S.,” notes Levy. “Beyond that, this redevelopment will afford prospective occupiers the opportunity to be in a highly infill state-of-the-art facility in one of the most constrained markets in the U.S. We are excited to position this asset amongst the multiple large users surveying the Eastern U.S. for major logistics hubs.”
MACC is owned by AEW Capital Management, on behalf of one of its institutional separate account clients, and the Manekin Corporation. “JLL’s rich national reach and vast relationships were a huge driver in the decision-making process for us, and we are excited to partner with them on this important project,” says Richard Alter, President and Chief Executive Officer, Manekin Corporation.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. AFortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
About AEW
Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage over $63 billion of property and securities in North America, Europe and Asia (as of December 31, 2016). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Dusseldorf, Hong Kong, Singapore, and Sydney as well as additional offices in nine European cities. For more information please visit www.aew.com.
About Manekin Corporation
Founded in 1946, Manekin LLC is a commercial real estate investment firm based in Columbia, Maryland. The firm operates an investment management platform that allows institutional capital to be deployed alongside an experienced, well-respected partner into credibly underwritten regional value-added opportunities. Manekin operates within a defined geography and utilizing a value added approach with an alignment of interests, drives above market returns.
The Manekin brand is synonymous with quality in terms of services, personnel, projects and execution and has a long history of working together with blue-chip institutional partners with projects across assets classes (office, industrial and retail) and has undertaken projects from ground-up development to full scale redevelopment in a number of jurisdictions.
