Westmount Sells Baltimore-Area Industrial Park

The company sold Logistics Pointe BWI in Hanover, Md., a 357,700-square-foot light industrial and distribution center, following a capital improvement program.

Westmount Realty Capital has sold Logistics Pointe BWI, a three-building industrial property in Hanover, Md. The seller had purchased the 357,701-square-foot light industrial and distribution facility in 2015 for $26.6 million, according to Anne Arundel county records.

Located at 7462 Candlewood Road, the asset is close to Baltimore-Washington International Airport and less than 3 miles from Interstate 95, offering easy access to Baltimore, Washington, D.C., and the entire Eastern seaboard. The tilt-up buildings feature rear-loading docks, 24-foot clear heights, 40- by 40-foot column spacing and large trucks and aprons.

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