Trout Daniel & Associates is pleased to announce that it handled the sale of the business and real estate of the new car wash at the corner of Padonia and Beaver Dam Roads in Timonium. The seller, Fairgrounds Ventures LLC and Fairgrounds Car Wash LLC, had purchased and developed the facility on the site of the former Bob Evans restaurant. The purchaser is an arm of Flagship, which boasts nearly 40 facilities in the Maryland/DC/Virginia market. Art Putzel of TD&A represented the seller, while Joe Botzler of JLL repped the buyer.
“The property’s location at an I-83 interchange, coupled with traffic counts on Padonia Road approaching 50,000 vehicles per day and a signalized intersection, made it highly attractive for me to develop” said John Pinnock, principal of the seller. “While my intention was always to build and operate the facility, Flagship made a very enticing offer. Their reputation in the market made me comfortable with passing it on to them.”
According to Putzel, “This was a relatively smooth transaction – both sides wanted to get a deal done, and there was plenty of communication and cooperation from all parties. While there are always hiccups along the way, we were all focused on the end goal, and we got there.”
TD&A is a full-service commercial real estate brokerage and management company located in Lutherville, Maryland. TD&A represents its clients with honesty, integrity and hard work resulting in best-case results for all parties. TD&A has been In business since 2009 and has roots in the commercial real estate industry dating to 1967.
TD&A is a regular choice for those who seek a trusted advisor when contemplating commercial real estate transactions in the Mid-Atlantic region and beyond.
For more information or media inquiries, please contact:
Arthur W. (Art) Putzel
410-435-4004
www.troutdaniel.com