Baltimore’s Tradepoint Atlantic Lands 1st Retail Tenant
Royal Farms has signed a long-term lease for a 3.7-acre stand-alone pad and is expected to start operations in late-2018.
By Bogdan Odagescu
Royal Farms has signed a long-term lease at The Shoppes at Tradepoint Atlantic, the 70-acre retail component of the 3,100-acre multimodal industrial site in Sparrows Point, Md., Baltimore County.
The Baltimore-based chain will open a convenience store, a gas station and a car wash, and will occupy one of the site’s seven free-standing retail pads. Royal Farms’ 3.7-acre location will offer direct access to Interstate 695/Baltimore Beltway and is expected to open in late-2018. According to The Daily Record, Royal Farms has 180 locations across the Mid-Atlantic region.
Located less than 20 miles southeast of downtown Baltimore, the site is also close to many major thoroughfares, including interstates 95 and 97 for the Baltimore-Washington corridor. According to a Tradepoint Atlantic release, Royal Farms’ new location will offer easy access to more than 43,000 households.
“As the site continues to develop, the retail component helps to satisfy what will be a growing demand for amenities at the site and from the surrounding area,” Aaron Tomarachio, Tradepoint Atlantic vice president of corporate affairs, told Commercial Property Executive in June 2016, when the retail park was announced.
A 3,100-acre industrial node
Tradepoint Atlantic is owned by a joint venture between Hilco Global and Redwood Capital Investments and is located on the site of the former Bethlehem Steel plant, which closed in 2012 after more than a century of operations.
Earlier this month, Amazon officially unveiled plans for an 855,000-square-foot fulfilment center within Tradepoint Atlantic, marking the retail giant’s fourth Maryland facility. TradePoint Atlantic will also be home to a 1.3 million-square-foot Under Armor distribution facility, which is slated to open in 2018. The two companies will join FedEx Ground, which recently opened a 300,000-square-foot facility within the park, as well as Pasha Automotive Services, Harley-Davidson of Baltimore, Access World, C. Steinweg and Lafarge Holcim.
“Aside from providing amenities to the thousands of future employees of tenants at Tradepoint Atlantic, JLL conducted a market study showing $64 million in consumer spending leaves the southeastern communities in Baltimore County each year, and this helps keep those dollars local,” Tomarachio added.
Images courtesy of Powers Brown Architecture and Royal Farms
