Cushman & Wakefield has arranged the sale of the future site of the Solley Road Distribution Center.
The land is a fully entitled 16.5-acre industrial site located at Parcels 117 and 118 on Solley Road in the Baltimore-Washington Corridor. The property was sold to Xebec Realty for $4.5 million. The buyer intends to build a 90,300-square-foot warehouse property.
Cushman & Wakefield’s National Industrial Advisory Group, including the Northeast team of Jonathan Carpenter, Graham Savage and Dawes Milchling, represented the seller, Elm Street Development, in the transaction.
“This transaction underscores the growing demand for strategically located industrial sites in supply-constrained markets like the Baltimore-Washington Corridor,” said Carpenter. “The site’s prime location and full entitlements position it for swift development to meet the region’s industrial space needs.”
The property is ideally positioned to benefit from immediate access to major transportation routes, including I-695, I-95, and the Port of Baltimore, as well as close proximity to both Washington, D.C. and Baltimore.
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