Laytonsville and Baltimore, Md. – Bill Meissner, President and Managing Partner of Ruppert Properties, is pleased to announce the purchase of a seven-building industrial portfolio totaling 302,046 SF in Meadows Industrial Park. The portfolio is located at 1705, 1708, 1713, 1716, 1717 & 1817-1821 Whitehead Road and 6601 Whitestone Road in Woodlawn, Baltimore County, MD.
Jay Wellschlager, Managing Director of the Capital Markets Group for JLL, brokered the sale of the portfolio for an undisclosed seller. The seven buildings sold in the Meadows complex are 90% leased to 21 tenants, including such businesses as K&G Fashion Superstore, Radio One, Vanns Spices, and Zeffert and Gold Catering.
Meadows Industrial Park is positioned to serve the Baltimore region with immediate access to I-695. The close proximity to I-695 offers accessibly to major distribution routes that extend across the Mid-Atlantic region. Branded by a strong existence and high concentration of the federal government, the Woodlawn region is home to the Social Security Administration, Centers for Medicare and Medicaid Services and FBI Baltimore, all within one mile of the portfolio.
Ruppert Properties is a privately held commercial real estate investment company that invests, owns and manages industrial/flex office properties throughout the Washington/Baltimore metropolitan region. Their industry experience and hands on approach to development, construction, leasing and management allows them to competitively serve distribution, service, manufacturing and office users. For more information, visit www.ruppertproperties.com.