BALTIMORE, MD (May 2, 2016) — Blue Ocean has signed a long term lease with National Delivery Systems (NDS) for 62,000 square feet of industrial space at 1954 Halethorpe Farms Road in Halethorpe, Maryland. Blue Ocean purchased 1954 Halethorpe in the summer of 2015. Since purchasing the property Blue Ocean has signed several long-term leases, bringing the occupancy of the property to mid-90%.
The deal also directly aligns with Blue Ocean’s long-term strategy of growing its industrial tenant base and increasing Blue Ocean’s already substantial presence in the Baltimore commercial real estate landscape. Blue Ocean President Jonathan Ehrenfeld says, “The partnership with NDS will bolster Blue Ocean’s growth in the commercial sector as we continue to seek strategic opportunities commensurate with market demand around Baltimore.”
About Blue Ocean
Located in Baltimore, MD, Blue Ocean is active in syndicating, purchasing and managing commercial real estate assets in the multifamily, office, retail and industrial sectors. The company was founded in 2004. Since that time Blue Ocean has grown its portfolio to 45 properties valued at over $300,000,000. The Blue Ocean portfolio consists of nearly 3,500 apartment homes and approximately 2,000,000 square feet of commercial space.