Lucern Capital Partners, a New Jersey-based real estate investment firm, has expanded into the Baltimore-Washington market by acquiring a 60,000-square-foot light industrial portfolio in Laurel, Maryland. Located at 14709 Baltimore Avenue, the fully occupied property is leased to 16 automotive businesses that benefit from proximity to major transportation routes. Managing Partner Frank Forte highlighted the acquisition’s strategic alignment with the firm’s mission to capitalize on high-demand markets with limited supply. This investment follows other recent acquisitions in the light industrial sector, reinforcing Lucern’s focus on income-generating assets in key growth areas for strong investor returns.

Read the full article here