Lee & Associates Chesapeake Region has brokered the renewal of a 53,000 square foot lease with Corporate Rentals at 8840 Greenwood Place in the Corridor Industrial Park. Developed and owned by Prologis, the 170,000 square foot one-story building is located in the Savage section of Howard County, Maryland. Allan Riorda, SIOR, Principal and President of Lee & Associates and Tom Whelan, Principal of Lee & Associates represented both the tenant and the landlord in this transaction.

Corporate Rentals rents furniture and housewares to corporate and insurance housing companies in the Mid-Atlantic states including Philadelphia, Baltimore, Washington DC and the surrounding metropolitan areas. The company also operates a 16,000 square foot clearance center in this location and sells previously leased household furniture, office furniture and housewares at highly discounted prices.

8840 Greenwood Place is situated within close proximity to US Route 1 and MD Route 32, providing quick connections to Annapolis, Baltimore, Columbia and Washington, D.C. The building is surrounded by a large surface lot that provides free parking.

“8840 Greenwood Place serves the real estate needs of Corporate Rentals with its large, open-space design, abundant parking and outstanding location that provides access to more than six million customers in a fifty-mile radius,” explained Allan Riorda of Lee & Associates.

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. Visit www.leeassociates.com