JLL today announces the completion of $18.5 million renovations at the 60-acre, Class A Mid-Atlantic Commerce Center (MACC) redevelopment in Jessup, Maryland. The Manekin Corporation, in partnership with AEW, has invested in new paving, LED lighting, roof, and façade to improve the largest contiguous block of industrial space in Maryland.
“Situated just one mile from Interstate 95 and with access to three major airports and ports on the east coast, MACC is in the heart of the Baltimore-Washington corridor, the 4th largest CMSA in the U.S.,” notes Dave Dannenfelser, Managing Director, JLL Mid-Atlantic Industrial and Logistics Group. “These renovations afford prospective tenants the opportunity to be in a highly infill state-of-the-art facility in one of the most constrained markets in the U.S.”
The redevelopment site offers up to 853,053 square feet of Class A industrial warehouse space, divisible up to 124,000 square feet. “We are extremely encouraged by what we’re seeing in the market and felt it extremely important that we make some investments to attract the right potential user to MACC,” says Richard Alter, President and Chief Executive Officer, Manekin Corporation.
For more information about Mid-Atlantic Commerce Center, visit http://www.jll.com/baltimore/en-us or www.midatlanticcommercecenter.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
