In 2017, Blue Ocean Realty approached TD&A about the historic Glenn L Martin Company, Middle River Depot property at 2800 Eastern Avenue in Middle River, MD, requesting guidance and advice for the leasing of the property should they acquire it. Despite the massive challenges, including extensive dilapidated infrastructure in need of replacement, and termination of the original contract, TD&A showcased its resilience and adaptability. Approximately a year later, TD&A was reengaged to lease the property, a 1.6 million sq ft facility on 53 acres, with ambitious plans for an experiential, adaptive re-use property redevelopment. Adverse impact related to COVID evidenced the need for our OIC Team to pivot from our experiential leasing business plan and navigate back to the property’s legacy of industrial use.
A pivotal moment came when the property was sold “off-market” to an out of state investor for $38 million in November 2021, culminating in a significant success for Blue Ocean Realty. Following the sale, TD&A then collaborated with others internally to secure a lease with Global Trading Unlimited, showcasing their adept in-house teamwork. The successful transaction exemplifies TD&A’s capacity to adapt and collaborate, turning challenges into lucrative opportunities for our clients.