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Business Real Estate The Real Estate Wonk

McHenry Row developer plans offices for Phillips Seafood site

The team behind McHenry Row and Canton Crossing is planning offices for the Phillips Food headquarters and warehouse in Locust Point the group purchased in November.

Mark Sapperstein's 28 Walker Development bought the 1215 East Fort Avenue site in November, said partner Abraham Rosenthal. The nine-plus acre property, which includes two buildings and housed a Coca-Cola bottling plant before Phillips, sold to MCS Fort Avenue LLC for $18.4 million, according to state records.

"We like Locust Point a lot," said Rosenthal, noting a growing number of technology businesses and that the mixed-use McHenry Row project, close to the new property, has filled its 85,000-square feet of office space and found tenants for 98 percent of its retail and apartment spaces. 

Under Armour, which currently leases the first floor of the Phillips headquarters building, is planning to add a second floor to its current footprint at the "Building 1" East Fort Avenue site, Rosenthal said.

Building 2, a cold storage warehouse, will be reconfigured, Rosenthal said, declining to specify timing.  

"We know we're going to do some offices and we think we're going to do some apartments but we have not made a definite decision on that," he said.

Phillips Seafood, which received public subsidies to move to the Locust Point site in 2002, did not respond to a request for comment. In 2012, the company announced the closure of the plant, saying it would move the production work at its Fort Avenue location to its other manufacturing locations and shift warehouse and distribution work to Baltimore-based MTC Logistics.

 

 

 

 

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