80,000 sq. ft. Office and Light Industrial Complex ‘Gaslight Square’ Hits the Market

| May 21, 2020 | 0 Comments

Gaslight Square, an 80,000 sq. ft. office, industrial, and flex complex at 1401 Severn St. in Carroll-Camden Industrial Area, has hit the market. Space is currently available for lease and the site is also available for sale. It is being marketed by Jim Chivers and Mitch Gold of Gold and Company for $4.2 million with rents around $18/per sq. ft. for the vacancies.

Gaslight Square, which was a former Baltimore plant for Valspar Paint, has been under redevelopment by the Neuman family of the Abbey Drum Company for the past 15 years. The complex is about half leased with 42,000 sq. ft. of space and light flex still available for lease. Current tenants include three state agencies.

A portion of the available spaces at Gaslight Square still need to be renovated as the Neumans have been waiting to identify the right tenants before outfitting the spaces.

“The Neumans have done a great job developing the site and working to get the campus stabilized,” said Chivers. “Gaslight Square has unique industrial spaces with exposed beams, open floor plans, and nice window lines. The site has adequate off-street paved surface parking free of charge. The campus is ideal for office tenants, tech companies, non-profits, architectural firms, and very light manufacturing with excellent access to I-95 and all main thoroughfares.”

Gold and Company has continuous spaces from 1,500 to 10,000 sq. ft. available for lease.

Gaslight Square has one- and two-story buildings, multiple surface parking lots, and a neon “Gaslight Square” sign.

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