Invesco Inks 103,000 SF

JESSUP, MD-Two tenants are taking 103,050 square feet at an industrial warehouse owned by Invesco Real Estate. National/Azon will occupy 44,100 square feet and Door to Door Storage, Inc., will occupy 58,950 square feet at 8263 Patuxent Range Rd. here.

One of 60 properties within the Baltimore Washington Industrial Park, 8263 Patuxent Range Rd. is 164,700 square feet. Invesco Real Estate, was represented by Transwestern brokers Tom Gentner, Brian Watts, Mark Glagola and Michael Phipps. Gentner, Watts, Glagola and Phipps also represented National/AZON in the deal. Door to Door Storage was represented by Shawn Childs and John Wilhide of CB Richard Ellis.

In general, industrial is faring relatively well in this market considering the economy. Jessup, in particular, is benefiting from its proximity to the Port of Baltimore as well as the Washington, DC market. The larger Baltimore industry market has experienced a low vacancy rate of under 3% due in some part to the enhancements the port has made to better handle commodities. Transwestern did not return a call to GlobeSt.com in time for publication.