In the state of Maryland, CapStar has brokered a number of new industrial property leases and sales over the past year and 2023 is off to a great start with little sign of slowing demand. Representing the landlords in various business parks in Columbia, Hyattsville, and Gaithersburg as well as representing multiple tenants in Montgomery County. CapStar continues to grow its presence in this sector by providing responsive professional and efficient solutions to help navigate this challenging market.
Over the past year, CapStar has attracted a number of tenants to the New Concept Business Park, located at 6660 Dobbin Rd, in Columbia. This property has flexible NT (New Town) Zoning and was built in 1985. Formerly the home of a 19,200 SF technology engineering facility, it can be accessed through Interstate I-95, Snowden River Parkway, and Route 29. It has abundant parking and is near retailers such as Wegman’s and Men’s Warehouse. Also nearby are restaurants such as The Greene Turtle and Jason’s Deli. The building is now made up of multiple units, all of which have been leased by CapStar. There is one unit remaining that measures approximately 3,840 square feet in size.
8573 Atlas Drive in Gaithersburg is a 9,854 SF Industrial Condominium that has 20’ ceiling heights and approximately 3,000 SF of office and 6,800 SF of warehouse. Minutes from ICC Rt 200 and I-270. 5014-5018 46th Ave. in Hyattsville, MD is an approximately 20,000 SF warehouse that is being segmented and leased to multiple Tenants.
CapStar’s Lucas Glaeser is the broker for these locations and specializes in commercial, industrial, warehouse, and flex spaces. Glaeser is the Associate Vice President for Capstar and joined the team in 2013. Being a longtime resident, Glaeser is licensed in DC, MD, & VA and has plenty of experience throughout the metropolitan area.
To contact Lucas Glaeser, please email: lglaeser@capstarco.com
About CapStar Commercial Realty
Since 1994, CapStar Commercial Realty is a full service commercial real estate firm headquartered in Gaithersburg, MD, operating across the District of Columbia, Maryland, and Virginia. CapStar assists small and large companies, from local to an expanding brand, with services in leasing, sales and acquisitions, property management, business acquisitions, consulting, and a unique specialty in restaurants. CapStar’s range of services and proprietary database help sellers, buyers, landlords, and tenants, identify real estate opportunities in retail, office, industrial, land, and condominiums.