Tradepoint Atlantic buys Sparrows Point parcel for $33.5m

Tradepoint Atlantic bought the last parcel at Sparrows Point in Southeast Baltimore County for $33.5m. The deal adds 150 acres and more deepwater berths to the 3,100 acres Tradepoint acquired in 2014. The facility, Sparrows Point Shipyard, was once owned by Bethlehem Steel. Tenants include FedEx Ground, which opened a distribution center there last summer. Under Armour, which plans to open its own distribution center there this year and Amazon, which secured $2.2m in forgivable state and county loans last year to open yet another Baltimore-area distribution center there. Gotham Greens also announced plans earlier this month to open a 100,000 sq ft greenhouse at the site of the old steel mill sometime next year.

“Today, we take another step forward in fulfilling the potential envisioned for this iconic site by incorporating the Sparrows Point Shipyard into our master plan,” said Kerry Doyle, Tradepoint Atlantic’s chief commercial officer. “This enables us to move forward with the next phase of our project–modernizing infrastructure and enhancing connectivity throughout the industrial complex to attract additional world-class tenants that will create jobs.”