A Baltimore-based packaging company is leaving the city for the first time in its 88-year history for Tradepoint Atlantic, the 3,300-acre logistics center in Baltimore County.
Arnold Packaging will lease a nearly 92,000-square-foot facility at Sparrows Point, a 21,000-square-foot increase over the company’s current corporate footprint, the company said in a Tuesday news release. It plans to vacate its current location in Southwest Baltimore by January.
It will sign a 15-year lease for the new facility.
The new space, outfitted with a manufacturing and distribution plant as well as offices, will allow the firm to reach new clients and support growing consumer demand, company president Mick Arnold said in a statement.
“In a single day’s drive, we can reach 33% of the U.S. population, which is just one reason [Tradepoint Atlantic] has emerged as the premier industrial park in the country,” Arnold said. “We will now be a leading productivity solutions provider at a park that has global companies like BMW, Amazon, Volkswagen, McCormick, and Under Armour as our neighbors, opening the door to any number of new collaborations.”
Arnold Packaging employs 68 people and plans to move them all to the new space.
The property will undergo about $1.5 million in enhancements, $475,000 of which will be covered by Tradepoint.
Tradepoint Atlantic is situated on a peninsula in southeastern Baltimore County that was once home to the massive former Bethlehem Steel mill that closed in 2012. Tradepoint has built 8 million square feet of facilities for distribution, warehousing and industrial needs, and is planning for an additional 7 million to 8 million square feet of development.
More than 20 companies, including Home Depot and FedEx, are tenants at Tradepoint.
Arnold Packaging will share some of its space with Tegeler Construction & Supply, a Baltimore building materials supplier.
In a statement, Baltimore County Executive Johnny Olszewski Jr. said the company’s move signifies the latest chapter of Tradepoint Atlantic’s “transformative resurgence.”
“For generations, Arnold Packaging has been a family-owned business and a regional leader in their field and we are so grateful for their continued investment in our region,” he said.