• February 4, 2025
  • Press Releases

MERRITT PROPERTIES ACQUIRES LIGHT INDUSTRIAL BUILDING IN BALTIMORE COMMONS BUSINESS PARK

7483 Candlewood Road Expands Merritt’s Portfolio in Baltimore-Washington Corridor 

Baltimore, MD (February 4, 2025) – Merritt Properties, a full-service commercial real estate developer headquartered in Baltimore, is pleased to announce the acquisition of 7483 Candlewood Road. This small bay light industrial building, strategically located along I-95 in the Baltimore Commons Business Park, expands Merritt's presence in the Baltimore-Washington Corridor submarket, complementing the company’s four existing buildings in the park. 

With a total of 67,382 square feet of space, this acquisition enhances Merritt’s capacity to meet the needs of businesses seeking warehouse and distribution space in an area with extremely low vacancy rates. The building’s prime location near BWI Airport, I-95, I-695, and MD Route 100 provides unparalleled accessibility for businesses looking to expand their operations. 

“With vacancy rates at historic lows in the BWI Airport Industrial micro-market, we are thrilled to add 7483 Candlewood Road to our portfolio,” said Liz Allison of Merritt’s leasing team. “This acquisition not only strengthens our presence in the Baltimore Commons Business Park but also allows us to welcome new customers to the Merritt family. We look forward to building long-term relationships with these businesses and supporting their success.” 

The building allows for flexible unit sizes ranging from 4,900 to 24,400 square feet, making it ideal for a variety of businesses. To facilitate warehouse and distribution uses, the building features a 165’ building depth, 110’ truck courts, and a mix of dock high, double-wide dock high, drive-in, and platform loading positions. Current tenants at 7483 Candlewood Road include Homa Bakery, Top Floor, MGH Adult Medical Care, and the Affinity Group. 

Merritt’s commitment to creating homes for businesses is reflected in this strategic addition to its portfolio. By prioritizing long-term relationships and providing high-quality spaces, Merritt continues to deliver value to its customers and the communities it serves. 

The seller was represented by Jonathan Beard of CBRE, while Bobby Lanigan and Liz Allison led the effort for Merritt. 

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About Merritt Properties 
Established in 1967, Merritt Properties is a privately held commercial real estate company offering a portfolio of more than 21 million square feet of Class A office, flex, warehouse, industrial, retail and build-to-suit throughout Maryland, North Carolina, Florida and Virginia. Capabilities include leasing, property development and management, and financing. Merritt Properties is committed to “Creating Homes for Businesses” and providing the highest quality service to its customers. For more information, visit www.merrittproperties.com.   
 

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