Become a digitalPLUS subscriber. $12 for 12 weeks.
The Real Estate Wonk
Baltimore's residential real estate and commercial development news
Business Real Estate The Real Estate Wonk

Sun Products to sell closed Baltimore factory

Household products maker Sun Products Corp. said Tuesday it wants to sell its Baltimore manufacturing plant, which ceased operations in June.

The property was valued at $10,414,500 by the Maryland Department of Assessments and Taxation on Jan. 1.

The company, the maker of products such as Dove and Snuggle, said in February it would close the facility, where it made fabric softener and liquid detergents, and lay off about 300 workers. In its announcement, it cited the age of the Holabird Avenue complex as a reason for moving operations to Kentucky.

Long owned by Unilever, the plant dates to 1926 and once employed 1,500 people. Sun Products, owned by the New York private-equity firm Vestar Capital Partners, purchased it in 2008. Production there had steadily declined: 32 million cases of liquid products were produced in 2008, and the plant was on track for 13 million at most this year before closing.

The 46.9-acre property includes over 900,000 square feet of office, production and warehouse space, according to Cushman & Wakefield of Maryland, which has been selected to sell the property, located across from two large Amazon warehouses. A spokeswoman for Sun Products said the firm has not identified an asking price.

Cris Abramson, executive director of Cushman & Wakefield of Maryland's capital markets team, said in a statement that the firm expects the property, located across from the future site of two large Amazon warehouses to be considered for industrial uses, as well as potential redevelopment.

mbodley@baltsun.com

twitter.com/michael_bodley

Copyright © 2014, The Baltimore Sun
Related Content
Comments
Loading