Atlantic Forest Products found a new home at Tradepoint Atlantic after selling its current location in Port Covington for Under Armour founder Kevin Plank's planned redevelopment.
Tradepoint Atlantic announced Thursday that it signed the building material distributor as its newest tenant at the former Sparrows Point steel mill in eastern Baltimore County.
Atlantic Forest Products will lease two storage buildings totaling 160,000 square feet on 16 acres, as well as 6,500 square feet of office space at Tradepoint Atlantic. The location will become the company's new corporate headquarters.
Materials will start being moved on Nov. 1 and the office workers will move on Jan. 1, said John Chisholm, president of Atlantic Forest Products.
The company is headquartered on West Dickman Street in South Baltimore, a property it sold to Plank's Sagamore Development Co. in 2015.
Chisholm said the move to Tradepoint Atlantic was necessitated by the property sale as well as the growth of the company, which has 50 employees at the Baltimore headquarters and about 15 employees at other East Coast locations.
"It was a combination of the sale of the property and basically outgrowing the space as well," Chisholm said. "We've seen double-digit growth in revenue the last couple years."
Terms of the deal were not disclosed, but Tradepoint Atlantic said that Atlantic Forest Products signed a "long-term lease."
Chisholm said the company was attracted to Tradepoint Atlantic's port and its access to railways and highways.
Other tenants at Tradepoint Atlantic include Under Armour, which is building a 1,000-employee distribution center for online orders; FedEx, which is building a distribution hub; Pasha Automotive, which imports vehicles; and Harley-Davidson, which moved a training school to Sparrows Point.
Tradepoint Atlantic is a joint venture of local firm Redwood Capital Investments and the Chicago-based liquidation and redevelopment firm Hilco. Formerly known as Sparrows Point Terminal, Tradepoint bought the former steel mill for $110 million in 2014 with the goal of transforming it into a campus of port, logistics and light manufacturing uses. The company also is planning a commercial center with a hotel, grocery store and other shops to serve the campus.
Tradepoint Atlantic has committed to spending at least $50 million on environmental cleanup of the site, which has pollution from more than a century of steel-making.
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