TRANSWESTERN BROKERS SALE OF 1032 HAMPTON PARK BOULEVARD, CAPITOL HEIGHTS, MARYLAND
February 1, 2011
Capitol Heights, MD: Transwestern announced today that they brokered the sale of 1032 Hampton Park Boulevard, Capitol Heights, Maryland, a 60,766 square foot single-tenant wholesale distribution warehouse. The property was acquired by JETRO Holdings, Inc. from Atapco Properties, Inc. for an undisclosed price.
Transwestern’s Institutional Commercial Group brokered the sale on behalf of Atapco Properties.
1032 Hampton Park Boulevard is part of the Steeplechase 95 International Business Park that Atapco Properties is developing. The property is 100 percent leased and occupied to Restaurant Depot, a members-only wholesale cash-and-carry foodservice provider, under a long-term lease agreement. The property was developed as a build-to-suit for Restaurant Depot and includes walk-in refrigeration and freezer areas, as well as aisles of food products and supplies.
Situated at the junction of the Capital Beltway (I-95/I-495) and Ritchie Marlboro Road, the property enjoys excellent visibility from the Capital Beltway and is easily accessible to its customer base. This single-story building was constructed in 2008 and includes a 120’ truck court with a 50’ concrete apron served by five loading docks. The building’s interior includes 28’ clear ceiling heights; 40’ x 40’ column spacing and an ESFR wet and dry sprinkler system. Built-out with less than 10% office space, this warehouse property represents the best-in-class.
Steeplechase 95 International Business Park is a 110 acre Class “A” business park that will include industrial, retail and hotel uses. The park is highlighted by its access to the Capital Beltway and represents the first new interchange developed along the Capital Beltway in over a decade. The new interchange, Exit #13 at Ritchie Marlboro Road, is considered a popular location for tenants due to its proximity to Washington, D.C.
Transwestern’s Institutional Commercial Group focuses on institutional investment services throughout the Washington, D.C. region, providing their clients with exceptional service and market knowledge. Over the past 12 months, the Institutional Commercial Group has closed over $500 million of sales and, moreover, has closed over $2.1 billion in sales since 2006. Their success is a direct result of their detailed underwriting and keen understanding of the local, national, and international investment communities. For more information on the Institutional Commercial Group, please visit www.Transwestern-ICG.net or call Gerry Trainor, Executive Managing Director at 202-775-7091.
About JETRO Holdings, Inc.
JETRO Holdings, Inc is the parent company to Restaurant Depot. Restaurant Depot operates 82 member-only cash-and-carry warehouse distribution centers across the country. They provide a low-cost alternative to other foodservice suppliers by eliminating the overhead of a traditional distributor while providing a broad selection of quality food service products. Restaurant Depot stocks national and regional brands as well as its own brands of beverages, cleaning supplies, dairy, disposables, equipment, fresh and frozen meat, poultry, produce and seafood. For more information, visit www.restaurantdepot.com
About Atapco Properties, Inc.
Atapco Properties, Inc. is a wholly owned subsidiary of American Trading and Production Corporation which was established in 1931 to consolidate, expand and diversify the business activities of the Blaustein family. Atapco Properties was established in the early 1960’s and represents the company’s real estate holdings. Atapco Properties’ real estate portfolio is concentrated in Delaware, Maryland, New Jersey, North Carolina, Indiana, Pennsylvania and Virginia. For more information, visit www.atapcoproperties.com.
About the Company
Transwestern is one of the largest privately-held commercial real estate firms in the United States. A diversified operating company, Transwestern is active in the real estate service, development and investment management businesses. Transwestern creates value for clients through innovation, penetrating market intelligence and legendary service delivered by teams of local market experts. The firm has product specialties including office, industrial, retail, multifamily and healthcare, as well as a wholly-owned research affiliate, Delta Associates. Transwestern leads the industry in sustainability and has received multiple ENERGY STAR® awards from the Environmental Protection Agency (EPA).
From: Transwestern - http://www.transwestern.net/News-ReleasesDetail.asp?Story_ID=4268