​JESSUP, MD. – Ridge Development, the industrial development arm of Transwestern Development Co., today announces it has completed construction on Dorsey Run Center, a 156,140-square-foot office and warehouse building that is fully available for lease. Located at 7801 Dorsey Run Road in Jessup, Maryland, the speculative project is owned by DDR Development, an entity of Principal Real Estate Investors LLC.

“This building is ideally suited for businesses in a variety of industries and sizes,” said Steve Kros, executive vice president at Ridge. “Additionally, the project’s location in the center of the Baltimore-Washington corridor makes it ideal for regional distribution.”

Dorsey Run Center is located just off state Route 175. The project is situated 1.5 miles from Interstate 95, 5 miles from the Baltimore-Washington International Airport, 6 miles from Baltimore Beltway/I-695, 14 miles from Washington Beltway/I-495 and 15 miles from the Port of Baltimore.

Divisible to 60,000 square feet, Dorsey Run Center has a 32-foot clear height, 41 dock doors, two drive-in doors, 38 trailer parking spaces and ample parking with 1.09 spaces per 1,000 square feet.

Transwestern Senior Vice Presidents Tom Gentner and Brian Watts are providing leasing services.

Ridge Development is the industrial development arm of Transwestern Development Co., a diversified real estate developer with expertise in all commercial property types. Ridge is managed by the former principals of Ridge Property Trust. Ridge Development specializes in industrial development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout the United States and Mexico. Based in Chicago, the venture serves North American clients from five U.S. offices and one office in Monterrey, Mexico. The Transwestern Development and Ridge Development teams have developed, constructed and managed more than 138 million square feet of industrial and distribution space.

Principal Real Estate Investors manages or sub-advises $59.3 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.



Media Contact:
Stefanie Lewis