Washington Commerce Center has an immediate availability of 125,000 sq. ft.
Baltimore – March 15, 2021 –CBRE has been selected to lease Washington Commerce Center, three Class A industrial buildings totaling 300,000 sq. ft. located at 3100, 3200, and 3300 Hubbard Road in Landover, MD.
CBRE’s Mike Roden, Michael Elardo, Ed Harris, Jared Ross, and Kevin O’Neil will be marketing the property for lease on behalf of the owner, a commingled fund managed by Clarion Partners, LLC.
“There continues to be record-breaking demand in the Suburban Maryland industrial market. The Washington Commerce Center will be attractive to industrial tenants due to its close location to the main thoroughfares, ample parking, and flexible size configurations,” said Mr. Roden, an Executive Vice President at CBRE.
Washington Commerce Center consists of three separate Class A warehouse buildings. All of the properties have 24’ clear heights, dock high loading, and new LED lighting on motion sensors. The asset offers flexible size configurations, nearby amenities, and excellent parking with a secured truck court. It is conveniently located close to the Capital Beltway and Route 50. Additionally, Clarion Partners has significant refurbishment work planned for the buildings in the future. The portfolio currently has an immediate availability of 125,000 sq. ft., which is comprised of multiple unit sizes ranging from 13,000 sq. ft. to 73,000 sq. ft.
According to CBRE Research, Prince George’s County’s industrial market has continued to gain momentum and strengthen. In 2020, the market saw an annual net absorption of 167,491 sq. ft., which did not include the preleasing of over 600,000 sq. ft. of space under construction.CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.