1300 MERCEDES DRIVE

Hanover, Maryland

Project Type Investment, Redevelopment
Asset Description Class-A Distribution Warehouse
Size 300,000 SF
Deal Size $23 million
Hold Period 4 years / long term hold
Projected Return 13% unlevered IRR

CREG Involvement

  • Acquisition
  • Development
  • General Construction
  • Leasing
  • Disposal

CREG Value-Add

  • Leased 280,000 SF of space to four tenants.
  • Increased value in down market.