Merritt Properties Launches Baltimore Industrial Development

White Marsh Interchange Park aerial rendering. Image courtesy of Merritt Properties

Merritt Properties has begun the development of White Marsh Interchange Park, a nine-building, 750,000-square-foot industrial campus in White Marsh, Md. The first phase of the project, consisting of three buildings totaling 235,000 square feet, is anticipated to deliver in the spring of 2024.

The development is taking shape at 10301 Philadelphia Road, on 56 acres that Merritt acquired in 2021. The site used to be home to a General Motors facility that closed in 2019.

White Marsh Interchange Park, up close

The first development phase will comprise Building A, measuring 167,900 square feet with 32-foot clear heights, together with Building H and Building I, of 34,000 square feet each and 20-foot clear heights. The following six facilities will range from 50,500 to 151,800 square feet. The property will feature rear-loading docks and ample parking with trailer storage.

At full build-out, the campus will have flex/light industrial space capabilities ranging from 3,000 square feet to 167,000 square feet. Amenities are set to include outdoor seating areas, lawn games and a walking trail. Merritt Construction Services will manage the development’s construction.

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Situated off Interstate 95 and 5 miles from Interstate 695, the property offers easy access to the larger Maryland and Northeastern areas. Port of Baltimore is roughly 13 miles southwest.

Baltimore’s industrial scene

The project is within Merritt’s Baltimore County East portfolio, which is 95 percent leased. Despite concerns of a recession and economic volatility, the industrial real estate market is performing extremely well, with no exception in the Baltimore area.

The Baltimore industrial market had more than 3.3 million square feet in the pipeline as of April, according to a CommercialEdge report. The vacancy rate clocked in at 3.5 percent, 60 basis points lower than the national average of 4.1 percent.