Kenco secures largest block of Class A distribution space remaining in Baltimore market
BALTIMORE, Feb. 8, 2013 — Jones Lang LaSalle announced today that Kenco has signed a 692,000-square-foot lease at 521 Chelsea Road in Perryman, MD. Kenco, an integrated logistic services firm, will operate the new facility as a regional distribution center for consumer products.
The industrial building, completed at the end of 2012, was built by Ryan Commercial on a speculative basis and leased by Kenco within a month of its completion. It had been the largest block of Class A distribution space remaining in the Baltimore market.
Vice Presidents Dan Wendorf and Todd Hughes of Jones Lang LaSalle’s Industrial Brokerage team represented Kenco. Matt Ryan represented Ryan Commercial.
“We are pleased to have assisted Kenco in identifying the optimal East Coast location to serve its many customers,” Wendorf said. “This state-of-the-art, Class A distribution center will allow Kenco to operate efficiently and effectively.”
The 40-foot clear cross-dock building is located in an enterprise zone and designed for LEED certification. Its location on the I-95 corridor in Harford County, Marylandprovides centralized access to the New Jersey, Philadelphia and New York regions, the Baltimore-Washington corridor in the Mid-Atlantic and the southeastern United States.
“The I-95 corridor, from the Port of Baltimore through Harford County, continues to see a high level of industrial activity, and the lease is a testament to the market’s strength as a prime distribution location,” Hughes said. “Kenco joins a long list of users that are expanding within and locating to this market.”
About Kenco:
Kenco provides integrated logistics solutions that include distribution and fulfillment, comprehensive transportation management, material handling services, real estate management and information technology—all engineered for Operational Excellence. Woman-owned and financially strong, Kenco has built lasting customer relationships for more than 60 years. Kenco’s focus is on common sense solutions that drive uncommon value. Learn more at www.kencogroup.com. Also, connect with Kenco on Twitter, Facebook, LinkedIn and the Kenco Blog.
About Jones Lang LaSalle:
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
