Sparrows Point warehouse sells for $2.73 million
Nov 17, 2015, 11:28am EST
Joanna Sullivan Editor-in-Chief Baltimore Business Journal
The planned redevelopment of the former Sparrows Point steel mill has helped attract an an Indiana trucking and logistics company that plans to double its footprint in the market.
Fraley & Schilling Inc. has acquired a 136,000-square-foot warehouse directly across from the site of the former steel plant. The company paid $2.7 million for the property.
8911 Bethlehem Blvd. sits across the former Sparrows Point steel mill.
8911 Bethlehem Blvd. sits across the former Sparrows Point steel mill.
Fraley & Schilling bought 8911 Bethlehem Blvd., which sits on a 8.9-acre site, from Dietrich Metals, a division of Worthington industries in Columbus, Ohio. Fraley & Schilling plans to use the building for a warehouse and distribution site through their subsidiary, Universal Trade Solutions. Also called UTS, it handles the storage, packaging and transportation of heavy loads such as import and export containers. The company offers railroad transloading through Norfolk Southern Railway.
The company already has a Fraley & Schilling Trucking location on Beachwood Road in Dundalk.
Craig Lewis, Rick Latini and Mike Hurd, of Cushman & Wakefield, brokered the deal on behalf of the seller and buyer. They were the only brokers involved in the transaction.
“8911 Bethlehem Boulevard’s strategic location, close to the new Sparrows Point Terminal and the Port of Baltimore, put Fraley & Schilling/UTS in the heart of the Baltimore manufacturing base, with great access to intermodal facilities and the interstate networks,” Lewis said.
Joanna Sullivan oversees the Baltimore Business Journal editorial staff.
