Barker Steel Mid-Atlantic Leases Portion of Blue Ocean Industrial Site in Halethorpe, Maryland
05/07/2020
Metal manufacturer Barker Steel Mid-Atlantic is part of the structural steel and precast concrete contractors industry.
According to company officials, located off I-95 and I-695 in the corridor between Washington, DC and Baltimore, Maryland, the property's heavy infrastructure, high clear height, and broad column spacing create the ideal space for businesses like Barker Steel Mid-Atlantic that involve large block manufacturing, as well as other distribution uses.
Purchased in 2015 by Blue Ocean, the property is historically significant, in that it was used at one-time to manufacture aircraft components for the Allies' efforts in World War II. After making improvements to the distribution center, Blue Ocean implemented a creative leasing program that highlights their in-house, "hands-on"' management approach.
Jonathan Ehrenfeld, President and CEO of Blue Ocean states, "We work to create exceptional value wherever possible, to our tenants, team members, and partners. In this case, we were fortunate to have been able to deliver a compelling package for Barker Steel that checked all of their boxes. Their presence will enhance an already diverse and vibrant environment at our Halethorpe industrial complex."
Founded in 2004, Blue Ocean is a real estate investment, development and management company headquartered in Maryland. Today, the Blue Ocean portfolio consists of 3,000 multifamily units and over 3 million square feet of commercial and mixed-use properties.
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