News
SELLING THE STORE
September 22, 2011
| The old Hutzler's department store in West Baltimore is among the almost 1M SF Cushman & Wakefield is now leasing for Bernstein Management. Hutzler Brothers was one of the first retailers to use set pricing (in 1868) instead of haggling, a tactic we bet brokers wish they could use nowadays. |
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| Yesterday, C&W's Karen Cherry (right, with colleagues Hayes Merkert, Rich Thomas, and Danielle Schline) told us Bernstein's 11-building Baltimore portfolio is 34% vacant, and the bulk of that empty space is in the 230k SF One Market Center (the Hutzler's-turned-office is on the National Register of Historic Places) and Camden Industrial Park's 350k SF 1100 Wicomico St., which is office and light manufacturing. |
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| Karen says One Market (both buildings above) has capacity for data centers, including 8,000 SF already fitted for it. Wonder what brick-and-mortar retailer Abram Hutzler would have thought of data centers, Amazon, and eBay. The team at top will market this, the Camden property, and office and flex properties in Columbia Gateway Corporate Park, Corridor Business Park, and Route 100 Industrial Park. Michael Elardo will handle Bernstein's two industrial properties in Columbia. |
