Service Express, Inc. Signs 100,258 Sq. Ft. Lease Of Distribution Space In Baltimore County, Md
February 10, 2008
Baltimore, MD August 12, 2008 Preston Partners, Inc. announced today that Service Express, Inc. signed a lease for 100,258 square feet of warehouse space at the Hollins End Corporate Park in Baltimore County MD.
Michael Spedden, Senior Vice President of Preston Partners, Inc. represented the building owner, who is an affiliate of Preston Capital Management, Inc. The tenant was represented by Michael Elardo, SIOR, Executive Vice President of Preston Partners Inc., and Brian Kruger of Preston Partners Inc., and Lawrence Shaw, SIOR, of Clarus Properties, Inc.
Service Express Inc., headquartered in Spartanburg, S.C., is a distribution and consolidation freight company with multiple locations in the southeast. They are relocating from 67,000 square feet they currently occupy in the Troy Hill Corporate Park in Elkridge.
The Hollins End Corporate Park is a redevelopment project, including a fully renovated 279,000 square foot warehouse building, plus several new ground-up construction buildings, totaling over 400,000 square feet. Service Express, Inc. will occupy a portion of the renovated building, with occupancy slated for September. Recently Federal Express Ground Package System, Inc. signed a long term lease for 125,000 square feet in the park.
"The lease by Service Express is another confirmation of the superb location of this park. We are 4 minutes to I-95 and 2 minutes to I-695," said David Scheffenacker, President of Preston Capital Management.
About Preston Partners
Established in 1989, and with roots in a family real estate business dating to the 1880s, Preston Partners, Inc. is one of Maryland's premier, full–service commercial real estate service companies. Preston Partners, Inc. handles all aspects of major real estate transactions including Project Leasing, Tenant Representation, Investment Sales and Mortgage Banking. Preston Partners' professionals have been involved in many of the region's significant real estate joint venture, development, leasing, disposition and acquisition assignments. The firm prides itself on providing "blue chip" advice and progressive thought to its clients.