CBRE BROKERS $42.5M INDUSTRIAL SALE

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HANOVER, MD. — CBRE has negotiated the sale Lincoln Crossroads I & III, two industrial buildings totaling 507,350 square feet located at 7481 and 7451 Coca Cola Dr. in Hanover. According to CoStar, the sale price was $42.5 million. Bo Cashman, Jonathan Beard and John Wilhide of CBRE's Baltimore office represented the seller, Crossroads Venture, a joint venture between Dallas-based Lincoln Property Co. and Dallas-based Invesco Real Estate, in the transaction. The buyer was Denver-based Industrial Income Trust.

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