Penn 95 in Prince George’s County earns “best warehouse/industrial project” award and Perryman Logistics Center in Harford County named finalist in “best industrial sale/lease” category
Perryman Logistics Center
Chesapeake Real Estate Group, LLC (CREG) captured separate awards from The Baltimore Business Journal and The Washington Business Journal in the publications’ annual “Best in Real Estate” competition, with both honors coming in the industrial categories. Penn 95 Commerce Center, a two-building, nearly 300,000 square foot office/warehouse project in Prince George’s County was named the “best warehouse/industrial project,” and Perryman Logistics Center, a 571,000 square foot industrial building in Harford County was named a finalist for the year’s best warehouse/industrial sale or lease.
“Both wins are a testament to the experience, passion and strong work ethic that our team exhibits every day,” explained Matt Laraway, Partner at Chesapeake Real Estate Group. “Our ability to be recognized in both markets among such significant competition, demonstrates the tremendous geographic reach of the company and our consistent ability to bring smart real estate solutions to diversified companies. Both projects represent best-in-class warehouse/industrial buildings featuring long term leases that bring substantial economic development benefits to the region.”
Penn 95 Commerce Center
Penn 95 Commerce Center, developed on the site of the former Murry’s Steaks distribution facility in Upper Marlboro, consists of a 167,500 square foot Class “A” speculative warehouse building, and a 117,000 square foot build-to-suit building that is 100% leased to support the manufacturing and warehouse operations for the Thompson Creek Window Company.
Perryman Logistics Center is a Class “A” industrial building constructed with 36 foot clear ceiling heights, 120 loading docks in a cross dock configuration, two drive-in doors, a 130 foot truck court and an adjacent surface parking area accommodating up to 244 trailers or 518 cars. It is situated within immediate proximity to Perryman Road (MD Route 159) with direct access to Interstate 95.
XPO Logistics signed a full-building lease at Perryman Logistics Center last fall. The logistics company serves more than 55,000 customers worldwide, and is recognized as a top ten global provider of cutting-edge supply chain solutions, last mile logistics, high-value-added warehousing and distribution and other specialized logistics and transportation services.
Chesapeake Real Estate Group, LLC, headquartered in Baltimore, Maryland, is a full-service commercial real estate operating company that includes development, property management and brokerage services. The firm currently owns and operates nearly twenty-five office, industrial and/or retail projects in the Mid-Atlantic region and has more than three million square feet of industrial projects planned for development in the Mid-Atlantic region. Notable projects include Baltimore Crossroads in Baltimore County; Perryman Logistics Center in Harford County; Port 95 Industrial Park in Baltimore City; and Penn 95 in Prince George’s County. For more information visit www.cregllc.com
