News & Updates

Baltimore, MD, September 16, 2014 –  Atapco Properties, Inc. (Atapco) has announced the sale for $9.9 million ($81.56 PSF) of 9730 Greenwood Place, a 121,000 square foot, 100% leased, 24’ clear, front loaded warehouse building, located in the Corridor Industrial Park, just off Route 1 and Route 32 in the heart of the Baltimore-Washington Corridor. Acquired in March 2010, Atapco executed the business plan of leasing the building to stabilization and positioning the asset for sale.

“The asset was 26% leased to one tenant when we took over ownership.  We implemented a strategic marketing and leasing plan, which created a diverse, multi-tenanted industrial building with a staggered rent roll”, said Vice President, Russ Powell.  “We are very pleased with how it was received by the market”.

Atapco would like to recognize Bo Cashman and Jonathan Beard of the Investment Properties Group for CBRE and leasing brokers Tom Gentner and Brian Watts of Transwestern for their efforts in making this project a success.

Atapco Properties

Atapco Properties, Inc. (Atapco) a wholly owned subsidiary of American Trading and Production Corporation, was originally formed in 1931 to consolidate, expand and diversify the business activities of the Blaustein family, the founders of the American Oil Company (AMOCO). Atapco is a Baltimore based full-service commercial real estate development company, whose primary focus is the acquisition, development, leasing and management of premium industrial, retail, residential, office and mixed-use properties throughout the mid-Atlantic region of the United States.  For further information on Atapco, please visitwww.atapcoproperties.com.