Goldman Sachs Buys 446,595 SF Industrial Portfolio for $40,500,000

Cushman & Wakefield announced that it closed the $40.5 million sale of a three-building industrial portfolio in Elkridge & Savage, Maryland. The 100% leased portfolio included a total of 12 tenants largely serving the consumer population of the Washington, DC – Baltimore, MD Corridor. The properties included:

  • 8730 Bollman Place, Savage, MD
  • 6660 Santa Barbara Road, Elkridge, MD
  • 6675 Amberton Drive, Elkridge MD

Goldman Sachs was the buyer of the portfolio, paying $40,500,000, or nearly $91 per square foot. The transaction was the third major industrial portfolio Cushman & Wakefield closed on in the last month, bringing the total execution for the 30-day period to nearly 4 million square feet and $310 million in closed transactions.

“Institutional investors largely remain underweight the industrial sector, and the Baltimore-Washington Corridor remains a core market,” said Jonathan Carpenter, Executive Managing Director at Cushman & Wakefield. “The desire to gain exposure to the third-wealthiest and most educated consumer population in the United States is creating a strong demand for industrial product in our market.”

Graham Savage, Director, also represented the client. Both he and Jon Carpenter reside in the Baltimore office of Cushman & Wakefield.

Jennifer Bowers
+1 410 347 1148