White Marsh, MD – Transwestern today announces Chesapeake Beverage Co. (CBC) signed a 244,656-square-foot warehouse lease at 10000 Franklin Square Drive in White Marsh, Maryland. Tom Gentner, Brian Watts and Brian Siegel of Transwestern represented the building owner, Principal Real Estate Investors, in the transaction.
“Chesapeake Beverage Company’s new White Marsh distribution center offers great visibility from Interstate 95, which is ideal for advertising,” said Gentner. “The new location also offers easy access to the company’s customer base.”
CBC, which was formed in 2014 by Meridian, Mississippi-based Mitchell Distributing, is the exclusive wholesaler for Anheuser-Busch in Baltimore City and Baltimore County. It is also a distributor for Crown Imports LLC, Diageo-Guinness USA and a variety of craft breweries in Maryland.
CBC will relocate approximately 250 employees from its former location at 7001 Quad Ave. in Rosedale, Maryland, and begin operations at the new facility April 1, 2017.
Paul Danko of Savills Studley represented CBC in the transaction.
ABOUT PRINCIPAL REALESTATE INVESTORS
Principal Real Estate Investors manages or sub-advises $72.2 billion in commercial real estate assets*. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®. *As of September 30, 2016.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate.Experience Extraordinary attranswestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.