Company Release – 1/19/2021
Bethesda, MD — Boundary Companies, a private real estate investment firm, announced the acquisition of 7601 Energy Parkway, an 11-acre, W2-zoned, industrial site located in the Marley Neck submarket of the Baltimore-Washington Industrial Corridor. The property supports 188,000+ SF of future industrial development and is currently improved with an 8.5-acre parking lot that can be leased to fleet parking or industrial outdoor storage (IOS) tenants.
“7601 Energy Parkway is a compelling investment for Boundary that capitalizes on the strong fundamentals driving our industrial market,” stated John Wilkinson, Managing Partner of Boundary Companies. Industrial-zoned land within the BWI Corridor has become increasingly scarce over the past few years due to demand from institutional users. “This property provides optionality for Boundary to lease the site in the near-term while preserving the opportunity for development in the future,” added Wilkinson.
Since closing, Boundary has leased the property to two best-in-class fleet parking tenants including Performance Fleet Maintenance of PA, Inc. who serves Amazon.com Services LLC. Boundary plans to pursue site plan approval for a Class-A industrial building.
About Boundary Companies
Boundary Companies, founded in 2014, is a privately held real estate investment firm based in Bethesda, Maryland. Boundary focuses on real estate acquisition and development across a wide variety of asset classes with a goal of meeting the highest needs of its stakeholders. Boundary’s portfolio totals over five million square feet and spans a range of core, value-add, and opportunistic investment profiles. To learn more about Boundary Companies, visit http://boundarycompanies.com/.