June 12, 2019
Merritt Properties plans to build an 860,000-square-foot logistics facility on 98 acres within the Baltimore region. The metro area’s Harford County industrial submarket has experienced record low vacancies of under 2% since 2017.
Construction of Tower Logistics Center in Perryman, MD, will commence in the fourth quarter of 2019, with delivery projected for late 2020. Located less than 30 miles from the Port of Baltimore, the site sits along the I-95 corridor, and was rezoned last year from high-density residential to industrial.
“With limited land opportunities and vacancies at historical lows, we are confident that Tower Logistics Center will garner the attention of industrial users looking to locate to the robust Harford County industrial market,” said Merritt Properties’ Bobby Lanigan.
Construction will be managed by Merritt’s construction division. Merritt has engaged CBRE as a listing partner, and leasing efforts will be led by Bill Pellington and Jon Casella.
For comments, questions or concerns, please contact Paul Bubny