The McClellan Team of SVN | Miller Commercial Real Estate have leased 510 West Road, Salisbury, MD. John McClellan, CCIM, SIOR, Senior Advisor, Kelly Jeter, Advisor, and Chris Messick, Associate Advisor, recently worked with Chesapeake Shipbuilding Corp. to secure expanded warehouse space. They will begin occupancy once necessary improvements are made to allow Chesapeake to be fully functional in the space.
The former Campbell’s Soup plant on West Road was under contract with an investor seeking to redevelop the warehouse into a multi-tenant industrial facility. The property was in an ideal proximity to their hub on the Wicomico River. Their existing waterfront site on Fitzwater Street has limited expansion opportunities and with their increase in contracts, additional space was imperative.
With over thirty years of direct industry experience, Chesapeake Shipbuilding has become a leading designer and builder of a notable array of commercial ships up to 400 feet in length. Their vessels operate all over the world and are suited for inland waterway or ocean service. The company has five cruise ships under contract with commitments for another ten of the new luxury cruise ships for their sister company American Cruise Lines.
Chesapeake Shipbuilding will be occupying 24,000 SF of warehouse space plus some additional outside storage for many of the critical components required for the new ships. According to Steve McGee, President of Chesapeake, “This new space is critical to our shipyard’s growth by more than tripling our warehousing space while returning one of our five production buildings back over to steel fabrication. This will enable us to construct the new ships more efficiently while also acquiring larger quantities of critical components earlier in the build process. The McClellan Team did an excellent job in uncovering this off market location that is ideally located for quick access to our yard.”
The McClellan Team was pleased to work with Bret Davis of Davis Strategic, the new owner of West Rd, in facilitating this lease.
“It was our pleasure to represent Chesapeake Shipbuilding in the lease transaction and we look forward to their continued impact on our community,” said McClellan.
If you would like to discuss extending your impact or businesses’ reach through real estate objectives, please reach out to John McClellan, CCIM, SIOR at 410-543-2428 or firstname.lastname@example.org.
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