BALTIMORE--(BUSINESS WIRE)--Merritt Properties, a full-service commercial real estate development company with 16 million square feet of space between Maryland and Northern Virginia, has announced plans for the development of 98 acres in the Harford County industrial submarket, which has experienced record low vacancies of under 2% since 2017.
Construction of Tower Logistics Center, a single 860,000-square-foot bulk building at 1225 South Philadelphia Road in Perryman, Md. near the corner of Pulaski Highway and Old Philadelphia Road, will commence in the fourth quarter of 2019.
Located less than 30 miles from the Port of Baltimore, the site sits along the I-95 corridor and provides superior distribution access to major East Coast markets.
“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 Bobby Lanigan of Merritt Properties. “We were particularly attracted to the site due to its premier location, which offers direct access to Route 40 and close proximity to I-95.”
This cross-docked warehouse will be built out of concrete tilt-up panels and feature 40-foot clear heights with 60-foot speed bays, over 150 dock bays and 200 trailer parking spaces. Truck courts will span 130 feet and the building will include four drive-in doors.
“Increased economic growth in our industrial sector has ignited workforce development and capital investment in Harford County,” said Len Parrish, Harford County Community and Economic Development Director. “Merritt’s development of the e-commerce Tower Logistics Center will immediately benefit from our skilled and ready workforce.”
Construction will be managed by Merritt Construction Services, the construction division of Merritt Companies. Leveraging Merritt Construction Services’ site development expertise, Merritt was able to capitalize on the rare opportunity to secure this tract of raw, developable land.
Delivery is expected to occur late 2020.
“By facilitating and streamlining the permit process, we are able to offer Fast Track permitting to companies that want to make Harford County their home,” said Barry Glassman, Harford County Executive.
Powers Brown Architecture is serving as the architect and Morris & Ritchie Associates, Inc. is handling civil engineering requirements. Merritt has engaged CBRE as a listing partner and leasing efforts will be led by Bill Pellington and Jon Casella.
The site was previously owned by 88 Acres LLC and rezoned from high density residential to industrial zoning in 2018.
Nearby businesses include Procter & Gamble, Sephora, Clorox and Pier 1 Imports, among others.
About Merritt Properties
Established over 50 years ago in 1967, Merritt Properties is the largest privately held commercial real estate firm in Maryland, with nearly 16 million square feet of Class A office, flex, warehouse, industrial, retail and build-to-suit in the Baltimore/Washington area. Capabilities include leasing, property development and management, and financing. Merritt Properties is committed to Creating Homes for Businesses and providing the highest quality service to its customers. For more information, visit www.merrittproperties.com.