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2019-06-20  15:46

CIJ USA

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Klein Enterprises buys 150,000 sqf warehouse in Severn, MD

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Baltimore-based developer Klein Enterprises has picked up a Class A storage facility in Severn, Maryland. The 150,00 sqf facility was traded for an undisclosed amount, having recently undergone an industrial conversion from a 1970’s vintage warehouse into a modern storage facility. The purchase is a first for a recently established joint venture between affiliates of Klein Enterprises and Morningstar Properties, a Charlotte, North Carolina-based investor/manager of storage facilities. Newmark Knight Frank brokered the sale of the asset to the joint venture.

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