Crayton Blvd. warehouse, land provide for just about $130M

Deborah K. Vick

A billion-greenback genuine estate keeping enterprise has purchased the new warehouse and assets near Hagerstown Regional Airport and Interstate 81.

Preylock Holdings, performing via an affiliate, paid out $129,750,000 for the creating and residence at 13905 Crayton Blvd., according to on line deed data. A signal in front of the setting up identifies the composition as an Amazon warehouse.

The deed information checklist Preylock Hagerstown LLC as the customer. That company’s handle is the same as the deal with for Preylock Holdings, which has its headquarters in Los Angeles.

Preylock, in accordance to its web site, is a serious estate acquisition and administration corporation with extra than $2 billion of property below administration.

Preylock’s web-site states that its “current strategy is made up of attaining and running very well-positioned and operating attributes (offering security) and where there are also possibilities for improvement (to produce worth). We endeavor to obtain substantial quality industrial assets, at a discounted to alternative price, that crank out stabilized funds flows with significant draw back defense.”

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