GID Industrial announced today it has acquired two industrial portfolios located in the I-95 Baltimore-Washington Corridor and North Las Vegas markets, adding 1.39 million square feet to the firm’s portfolio. With 14 buildings across the portfolio, these acquisitions represent significant growth for the industrial platform and are well-aligned with the firm’s strategy to acquire, develop, and manage light industrial assets in high barriers to entry locations with density and high incomes.
Totaling 959,570 square feet, the I-95 Baltimore-Washington Corridor portfolio comprises nine buildings with locations in Baltimore City and Howard County. The portfolio is currently occupied by 33 diverse tenants and offers 180 dock doors with 18’-24’ clear heights, as well as a wide range of suite sizes. This is GID Industrial’s first acquisition in the Baltimore-Washington Corridor, representing significant capital deployment and immediate scale in a highly desirable market.
The North Las Vegas Portfolio, known as Nellis Industrial Park, comprises five buildings totaling 433,270 square feet. The portfolio is 100 percent leased with 21 tenants occupying 22 suites. Nellis Industrial Park features 70 dock doors with 20’-24’ clear heights and a wide range of suite sizes. With close proximity to 1-15 and Craig Road, this transaction expands GID Industrial’s presence in the market, complementing the recent acquisition of SunPoint Commerce Center, an active JV development located just four miles away.
To learn more about GID Industrial, visit gid.com/industrial.