Sterling Logistics Properties Acquires Key Industrial Site in Columbia, MD
Deal News | Mar 28, 2025 | Sterling Organization LLC/The
Sterling Logistics Properties, a subsidiary of Sterling Organization, has acquired an 11-acre site located in Columbia, Maryland. The acquisition involves a 56,976 square-foot building and is the latest addition to Sterling Consumer Logistics Properties I, LP, an equity fund dedicated to transforming vacant retail properties into Neighborhood Fulfillment Centers. Nestled in Howard County, known for its wealth and economic dynamism, the site provides strategic advantages due to its proximity to major hubs like Baltimore and Washington, D.C. The location is just two miles from I-95, critical for supply chain logistics. The property will be redeveloped into a 185,000-square-foot Class A warehouse to support the region's growing logistics infrastructure needs. This acquisition reflects Sterling Organization's ongoing strategy of investing in high-value retail and distribution assets across major U.S. markets.
Sectors
- Real Estate
- Logistics and Distribution
Geography
- United States – The acquisition takes place in Columbia, MD, and is part of Sterling Organization's investment strategy across major U.S. markets.
- Columbia, Maryland – The specific location of the real estate acquisition, chosen for its strategic position along the I-95 corridor.
Industry
- Real Estate – The article discusses a property acquisition, emphasizing real estate development and investment.
- Logistics and Distribution – The acquired site will be converted into a Neighborhood Fulfillment Center, highlighting logistics as a core industry.
Financials
- $225 million – The size of the Sterling Consumer Logistics Properties I, LP equity fund used for acquisitions like this one.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sterling Logistics Properties | Acquirer | Company | A subsidiary of Sterling Organization focused on logistics and industrial real estate investments. |
| Sterling Organization | Parent Company | Company | A private equity real estate investment firm that owns and operates various real estate funds across the United States. |
| Sterling Consumer Logistics Properties I, LP | Fund | Company | A $225 million equity fund under Sterling Organization aiming to develop retail spaces into fulfillment centers. |
| Joe Dykstra | President | Person | President of Sterling Logistics Properties, he expressed enthusiasm about the acquisition and its strategic significance. |