Trammell Crow to Develop 1 MSF Maryland Project
Trammell Crow Co. will develop a 1 million-square-foot industrial project in Hagerstown, Md. The build-to-suit facility will serve as the new primary East Coast distribution center for Lifetime Brands, the Maryland Department of Commerce announced.
Expected to be completed by the end of 2026, the Hagerstown facility will largely supplant Lifetime’s current distribution center in Robbinsville, N.J.
In the announcement, Lifetime Brands CEO Rob Kay said that the new facility will boost the company’s distribution capacity by 327,000 square feet—and in a more centralized location.
Trammell Crow Co. did not reply to Commercial Property Executive’s request for additional information. Kinsley Construction is currently doing the site work for the new development and Conewago Enterprises is the general contractor, the The Herald-Mail reported.
Officials including Maryland Gov. Wes Moore, Maryland Department of Commerce Acting Secretary Harry Coker Jr. and Maryland Port Administration Executive Director Jonathan Daniels all touted the location’s logistical advantages and its access to I-70 and I-81 and major rail lines, as well as its proximity to the Port of Baltimore, facilitating the transportation of containerized cargo.
Lifetime Brands is a global designer, developer and marketer of a broad range of consumer products used in the home. It markets its products under kitchenware brands such as Farberware, KitchenAid, Sabatier and Copco; tableware and giftware brands such as Mikasa, Pfaltzgraff, Gorham and International Silver; and home solutions brands such as BUILT NY, Taylor Bath and Taylor Kitchen.
Lifetime also provides private-label products to retailers worldwide.
Troubled bridge
Despite various economic disruptions, most significantly the March 26, 2024, collapse of the Francis Scott Key Bridge, the metro Baltimore industrial space market has seen positive fundamentals, capped by a strong fourth quarter, according to a recent report from CBRE.
Industrial leasing totaled 2.8 million square feet in the fourth quarter, predominantly in the Baltimore/Washington Corridor, which boasted five deals of 100,000 square feet or greater.
The market ended 2024 with a 7.5 percent overall vacancy, 2.1 million square feet of net absorption and only 1.6 million square feet under construction.
Preconstruction activities for the Key Bridge reconstruction are underway, and Gov. Moore unveiled the design concept for the replacement bridge in early February. In addition, the state of Maryland reportedly continues to pursue the owners of the container ship that struck the bridge for monetary damages.
In December, a joint venture of Trammell Crow Co. and Realty Income Corp. broke ground on a $100 million, 655,200-square-foot build-to-suit industrial facility for The Home Depot in Stockton, Calif. The project is scheduled for completion in 2026 and will feature five bulk docks and 22 flatbed docks, in addition to parking spaces for more than 400 trucks, trailers and other vehicles.
Earlier this year, a joint venture between Trammell Crow Co. and Clarion Partners also broke ground on the third and final phase of Weiser Business Park in Cypress, Texas. The project is scheduled for completion in October.
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