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Kenco leases 692,000 s.f. in Harford County

Harford County Approves Mid Atlantic Building B Enterprize Zone Qualification

The Harford County Office of Economic Development, on behalf of the Enterprise Zone Steering Committee, informed Mid Atlantic Building B that it has fulfilled the local requirements to receive tax incentives of the Enterprise Zone Program.

These incentives include:

- Real Property Tax Credits

- Job Credits for Disadvantaged Employees

- Job Credits for Non-disadvantaged Employees

For more information about Mid Atlantic Building B's other tenant advantages, please visit

Caton Professional Building

3,000 square feet of medical office space leased to Regenerations Counseling Services,LLC at 1421 Caton Ave in Baltimore. Bill Harrison, Ryan Commercial represented the Landlord

Q1 Market Summary for the Baltimore/Washington Warehouse Market

The vacancy rate for all warehouse product is up slightly in the first quarter of the year (14.83 percent) with negative net absorption of 84,000 square feet (see SCRIBD document below).

While there were good leases signed during the quarter, one large user vacated the market. Eastco, also known as Danahar Tools, vacated a 164,000 SF building in the Parkway Industrial Park.

The top producer for the quarter was the office warehouse product, which caters to the smaller local users. With net absorption of almost 65,000 SF in the quarter, a continuation of this level of absorption would make for a record breaking year for this product type.

Does this mean small business is getting back to taking risk and credit is available to the small businessman? Let's hope for that and a developing trend.

Below are a few of the better deals that were completed this quarter:

Bell Nursery: 67,000 SF at 7111 Troy Hill Dr
Dealer Tire: 90,000 SF at 6635 Business Parkway
Von Paris: 72,000 SF at 8750 Larkin Rd
Rapid Response: 33,000 SF at 8705 Bollman Place

While the Dealer Tire deal was good for the market, it actually contributed to the negative absorption for Class A distribution space. Dealer vacated 62,000 SF of space at Arundel Crossing, but leased space that never came to market during the quarter. The space they chose was under sublease, and with the sublease expiring, the 28' clear ceilings and ESFR sprinkler were a perfect fit for a tenant that had been looking for this kind of space for over two years.

There could be another large block of space coming back to the market with the bankruptcy filing of Parson's Paper (184,000 SF). We will see how that plays out, but we are hopeful activity will pick up and some of the larger blocks of space will see new tenants in 2011.

Ryan Commercial Reports Two Deals totaling 23,400 SF

Ryan Commercial has reported two area deals totaling 23,400 square feet, one of which was an expansion on behalf of its REIT client AMB.

In the first transaction, Superior Products, Inc., a distributor of roofing and building materials, leased 15,000 SF of warehouse space at 2062 Generals Highway in Annapolis, MD. Tom Whelan of Ryan Commercial, LLC represented the tenant in this transaction.

The second deal saw AMI Installations, an installer of systems furniture, expand into 8,400 SF of additional warehouse space at 8750 Larkin Rd. in the Corridor Industrial Park in Savage, MD. This increases AMI Installation's total space leased at the building to 35,000 SF.

Tom Whelan and Matt Ryan of Ryan Commercial, LLC represented the Landlord, AMB Property Corporation in this deal.

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Centreville Service Center Complete in the Centreville Business Park

The Centreville Service Center, a 67,600-sf office warehouse in Centreville, MD, was completed in October 2008.

The tilt-up concrete facility located at 152 Comet Drive in the Centreville Business Park was developed by Emory Properties, LLC and Ryan Commercial, LLC of Towson, MD.

Among the many attractive features of the building are its ESFR Sprinkler system, insulated drive-in and loading dock doors, and gas-fired unit heaters.

For leasing information, contact:

Dennis Murphy
Murphy Commercial Real Estate Services

Centreville Service Center Nears Completion

After ten months of construction, the Centreville Service Center located in the Centreville Business Park is nearly complete. The 67,700 s.f. tilt-up office/warehouse is the first of its kind in the park and is easily identified from MD-213 by its signature burgundy stripe

The building is located at 152 Comet Drive in Centreville, Maryland in Queen Anne's County

Ryan Commercial LLC Announces the Mid-Atlantic Distribution Center Along the Baltimore I-95 Corridor

New Warehouse Distribution Center Provides More Than Two Million Square Feet of Industrial Space

BALTIMORE, MD (August 5, 2008) — Ryan Commercial LLC, a Baltimore-based full-service commercial real estate firm, announces the new Mid-Atlantic Distribution Center, an industrial park consisting of two tilt-up concrete and steel buildings of 676,000 and 1,388,400 square feet in Perryman, Md. Ryan Commercial LLC has partnered with Emory Properties,LLC to develop the property.

Located in Harford County’s Enterprise Zone at 511 Chelsea Road, the Mid-Atlantic Distribution Center offers convenience and accessibility to the I-95 Baltimore/ Washington corridor and the Aberdeen Providing Grounds (APG) for distribution companies serving the mid-Atlantic, Philadelphia, and New York areas, as well as southern markets

“The Mid-Atlantic Distribution Center is uniquely situated in a location that offers accessibility for companies seeking to maximize their warehouse and distribution operations,” said Matt Ryan, president of Ryan Commercial LLC. “We see a demand for new construction that offers tenants energy cost savings. The benefits of the Enterprise Zone further bolster the value of this state-of-the-art warehouse facility.&rdquo

Situated on 130 acres, the first of two buildings comprising the Mid-Atlantic Distribution Center is scheduled for completion in September 2008. The building features a cross-dock configuration with the efficiency of high-cube, 32’ ceilings. The property offers abundant trailer spaces, state of the art energy efficient design and office space built-to-suit

More information about the Mid-Atlantic Distribution Center is available online at, or by calling 410-828-9150.

Media Contact:
Matt Ryan
410-828-9150 x 104

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