Cushman & Wakefield arranged the sale of the Techwood Light Industrial Portfolio, a three-building industrial portfolio with an additional eight-acre parcel, located in Hanover, Maryland, within the Baltimore–Washington Corridor.
Cushman & Wakefield’s Jonathan Carpenter, Graham Savage, Dawes Milchling, and James Check represented the seller, Longpoint Partners. The buyer was The Silverman Group, with SL Industrial Partners overseeing management.
“Techwood Light Industrial was one of the rare opportunities to acquire a scalable shallow-bay product in a supply-constrained, nationally recognized last-mile location,” said Carpenter, Executive Managing Director at Cushman & Wakefield. “Investor interest was exceptionally strong given the portfolio’s combination of stable cash flow, meaningful upside through lease-up, and the long-term optionality of the eight-acre parcel.”
The 209,956-square-foot portfolio comprises three shallow-bay warehouses and an eight-acre parcel. The buildings offer 34 dock doors, additional parking, and functional suite layouts. The assets are currently leased to nine tenants, providing value-add potential through lease-up and future mark-to-market opportunities.
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