Global Beauty Retailer Leases Over 316,000 Feet In Baltimore, Maryland Suburb
2 Nov, 2005, Bethesda, MD
Transaction tops 2004 lease record in State
Cushman & Wakefield recently represented Sephora USA, Inc., in the negotiation of a 316,524 square foot lease for distribution center space at 4622 Mercedes Drive in Belcamp, Maryland. Cushman & Wakefield's Jean Wirsching, SIOR and Marty Flaherty of Sephora negotiated the transaction.
A division of Moet Hennessey Louis Vuitton (LMVH), the world's leading luxury products group, Sephora is recognized as the world's leading expert in beauty and operates 110 stores in the United States, and Canada. Additionally, Sephora operates Sephora.com, the world's largest on-line beauty store.
Sephora spent time looking at various locations throughout the United States before deciding on the Belcamp, Maryland facility. The decision to remain in Baltimore was based on the opportunity to expand and sign a long-term lease, as well as the excellent labor pool found in Harford County.
"Being located in Harford County offers many wonderful benefits. We are strategically located on the I-95 corridor, close to several international airports and seaports and, have access to a hard working and very talented work force," said Marty Flaherty of Sephora. "Moreover, I especially appreciated the professionalism and hard work of Jean Wirsching and her team at Cushman & Wakefield for assisting us in structuring this lease to the benefit of both parties," he continued.
The landlord is Berwind Property Group, Inc. of Philadelphia, PA.
For more information, contact Jean Wirsching of Cushman & Wakefield at 301-654-9700 or Marty Flaherty, Vice President of logistics at Sephora at 410-297-4900.
Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.