Sherwin-Williams Signs 2 Maryland Leases

Sherwin-Williams, an organization specializing in paint and coating, has signed two leases in Maryland totaling 12,708 sq. toes of retail and industrial house.

The corporate inked a 9,000-square-foot lease at Timonium Change, a 200,000-square-foot industrial constructing in Timonium, Md.; and leased 3,708 sq. toes at Magothy Seashore Plaza, a 30,000-square-foot retail heart in Pasadena, Md.

Each properties are owned by St. John Properties.  

“Sherwin-Williams’ new retail retailer at Magothy Seashore Plaza will generate distinctive guests and improve site visitors to your complete purchasing heart,” Matt Lenihan, senior vice chairman of leasing for St. John Properties, informed Business Observer. “The lease at Timonium Change provides one other high-quality tenant to this constructing, which persistently maintains a excessive occupancy stage.”

Notable tenants at Magothy Seashore Plaza embody Pivot Bodily Remedy, Mutiny Pirate Bar and Ledo Pizza. Roughly 130,000 shoppers reside inside a five-mile radius, with family incomes approaching $120,000, in accordance with St. John Properties.

“As a result of so many shoppers personal each major and secondary homes in Pasadena, we consider the market is extraordinarily fertile and gives long-term alternatives for a brand new paint retailer,” Chris Maylott, senior actual property consultant for The Sherwin-Williams Firm, mentioned in a ready assertion. 

Timonium Change is provided with 18- to 20-foot ceiling heights and drive-in or front-loading docks. Greater than 22,000 autos cross the location each day, and almost 80,000 folks with a family earnings approaching $135,000, dwell inside a five-mile radius.     

The Magothy Seashore location is slated to open in December, whereas the Timonium Change property will open in January. 

Michael Sacks of St. John Properties represented the owner within the Timonium Change lease, whereas the agency’s Eric Llewellyn represented the owner within the Magothy Seashore Plaza lease. Matt Copeland and Cooper Henry of KLNB represented the consumer. 

Keith Loria may be reached at Kloria@commercialobserver.com.