Baltimore’s ‘inland’ port takes shape on e-commerce demand
November 19, 2020
(American Shipper) Evidence of what was once the largest steel plant on the U.S. East Coast has rapidly disappeared as distribution centers begin to cover the 3,300-acre site near Baltimore.
Six years ago, industrial real estate developers Hilco Real Estate and Redwood Capital Investments acquired the former Bethlehem Steel plant property at Sparrows Point, Maryland, and began to transform the site through their joint venture, Tradepoint Atlantic.
After several years of remediation, the first distribution centers began to emerge on the site. Since then, 9.3 million square feet of the property has been developed, with a third of that amount built during the past year.
“It’s really taking off now,” Aaron Tomarchio, Tradepoint Atlantic’s senior vice president of corporate affairs, told American Shipper. “We have another 4.4 million square feet in various stages of development.”
Tomarchio attributed this increased demand for regional distribution centers to companies scrambling to meet rising consumer demand for e-commerce services.
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