A carrier for Bed Bath & Beyond is creating a distribution hub at a warehouse in Odenton.
Last Mile Logistics LLC will consolidate operations from Columbia and Frederick, leasing a 124,000-square-foot space located at 1710 Midway Road in Anne Arundel County, according to commercial real estate services firm Cassidy Turley. The firm represented Last Mile and landlord RT Midway Associates LLP on the deal.
Last year saw significant leasing activity in the Baltimore-area industrial real estate market, which drove overall vacancy rates down to about 8 percent at the end of 2013 from almost 10 percent at the end of 2012, according to a report by Cushman & Wakefield. Direct asking rents also rose about 11 percent, year-over-year.
Major deals announced last year included plans for distribution centers for Sephora, Clorox and Amazon.Copyright © 2014, The Baltimore Sun