Lucern Capital Partners, a leading real estate investment firm based in Red Bank, New Jersey, has entered the Baltimore-Washington market with the acquisition of a prominent 60,000-square-foot light industrial portfolio in Laurel, Maryland. The two-building property, located at 14709 Baltimore Avenue, marks a significant milestone in the firm’s expansion strategy and commitment to unlocking value in underserved markets.
Built in 1986, the portfolio is strategically located between Baltimore and Washington, DC—a corridor comprising nearly 10,000,000 people, 3,000,000 jobs, two major U.S. cities, and three major international airports. The fully occupied property is leased to 16 automotive businesses ranging from repair shops to bodywork specialists who benefit from direct access to major transportation routes, including I-95 and U.S. Route 1.
“This latest acquisition exemplifies our ability to identify and capitalize on opportunities in high-demand markets with limited supply,” said Frank Forte, Managing Partner and Chief Investment Officer at Lucern Capital Partners. “The low supply of shallow bay products in the Baltimore-Washington market is significant, making demand dynamics extremely favorable for this property. This acquisition aligns perfectly with our mission of making strategic, value-add investments that have the potential to generate strong returns for our investors.”
Lucern’s latest investment underscores its focus on acquiring high-quality, income-generating light industrial assets in key growth markets. With favorable market conditions and strong tenant demand, the firm is well positioned to enhance the value of 14709 Baltimore Avenue and deliver above average returns it its investors.
The 14709 Baltimore Avenue light industrial portfolio transaction follows recent acquisitions in the light industrial asset class, including Indeener Business Park in Kernersville, NC, a 51,450-square-foot property acquired in early 2024. In 2023, Lucern Capital Partners acquired Crosslake Park in Mooresville, NC, a 55,000-square-foot business park.
