Trammell Crow, PREI Buy Site in Maryland for Future Industrial Complex

HANOVER, MD. — Trammell Crow Co. (TCC) and Principal Real Estate Investors (PREI) have closed on the purchase of a 26.5-acre site located at 7565 Harmans Road in Hanover, a city within the Baltimore-Washington Industrial Corridor. The site will be the future home of BW Gateway, a two-building, Class A industrial complex totaling 290,000 square feet. Upon completion, the development will include two rear-loaded buildings comprising 151,000 and 138,000 square feet. The buildings will feature 32-foot clear heights, ESFR sprinklers, T-5 lighting and 45 trailer spaces. Construction on BW Gateway will start immediately. TCC and PREI have selected Robert Clements and Bob Smith of KLNB to lease BW Gateway. The design team includes general contractor Glen Arm Building Co. and architect MGMA. Matt Laraway of Chesapeake Real Estate Partners and Curt Stanton of Paine/Wetzel Associates represented the seller of the land, and Clements represented TCC and PREI in the transaction.