The 3,100-acre former Bethlehem Steel plant property has begun the process of becoming a major transportation and logistics hub.
Sparrows Point Terminal has appointed JLL to be its exclusive real estate services provider, while Parsons Brinckerhoff will oversee master planning at the former Bethlehem Steel plant property in Baltimore.
The 3,100-acre property was acquired in 2014 by Sparrows Point Terminal, a joint venture of Redwood Capital Investments and Hilco Real Estate, which plans to re-develop the property into a transportation, manufacturing and logistics hub.
“The selection of an exclusive broker and master planning firm is a significant step as we continue to redevelop Sparrows Point into an economic generator for the county, state, and region,” said Mike Pedone, chief operating officer of Sparrows Point Terminal, in a statement. “We are in the process of making important site upgrades that will make Sparrows Point even more attractive to potential companies seeking to locate operations here.”
The property features deep-water vessel access, including a turning basin and 1,150-foot pier to accommodate heavy commodities; a short-line railroad which serves all of the property on the site and includes 100 miles of track connecting to Class I railroads CSX and Norfolk Southern; and direct access to Interstate 695, which provides connections to Interstates 95 and 70.
Ex-Baltimore steel plant site shifts to logistics
