BBJ’s Best in Real Estate Awards 2018: Cecil County's Amazon.com Fulfillment Center
FOR IMMEDIATE RELEASE
April 13, 2018
Name: Industrial Sale/Lease
Project/Deal Name: Amazon.com fulfillment centers in Cecil County
The expansion of Amazon.com in the Baltimore area over the past year has brought with it optimism and growth.
In September, the e-commerce giant opened a 1.15 million-square-foot distribution center in Cecil County. Since then, business in the area has taken off, starting with the total number of full-time jobs at the facility that jumped from 700 to 1,000.
The Cecil fulfillment center spans the size of about eight football fields and is located in the Principio Business Park in North East. It operates around the clock, shipping retail items like purses, clothing and shoes.
Last month the building was sold to New York real estate investment firm Clarion Partners LLC for a Central Maryland industrial sales record of $112 million.
The Cecil plant was the third Amazon distribution facility to open in Maryland.
In Cecil County, the addition of Amazon.com to the rural area has already led to “tremendous growth,” said Chris Moyer, Cecil’s director of economic development,who, along with County Executive Alan McCarthy accepted the award on behalf of Trammel Crow.
“It is a great anchor and having a name brand like Amazon has led to other growth to the Principio industrial business park,” he said. “Also, from a services standpoint, we’ve seen an uptick in retail interest in the North East area because of the growth of Amazon, and more residential apartment units opening as well as single family home projects going on.”
The Cecil warehouse has generated nearly $2.5 million in permit revenue and fees for the county this past year. In addition, the development is expected to generate $6 million in increased property tax revenues over the coming decade.
In total, Moyer said Amazon and other new ventures recruited by his Office of Economic Development will generate a total of $21 million in new property taxes for the county over the coming decade.
Baltimore Business Journal
Photo: Cecil County Executive Alan McCarthy and Director of Economic Development Chris Moyer accept the Baltimore Business Journal's Best in Real Estate Award for Amazon fulfillment center in Cecil County on behalf of Trammel Crow.
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