At­lantic For­est is Trade­point’s new­est ten­ant

Baltimore Sun - - ELECTION 2016 - By Pamela Wood pwood@balt­sun.com twit­ter.com/pwoodreporter

At­lantic For­est Prod­ucts found a new home at Trade­point At­lantic af­ter sell­ing its cur­rent lo­ca­tion in Port Cov­ing­ton for Un­der Ar­mour founder Kevin Plank’s planned re­de­vel­op­ment.

Trade­point At­lantic an­nounced Thurs­day that it signed the build­ing ma­te­rial dis­trib­u­tor as its new­est ten­ant at the former Spar­rows Point steel mill in eastern Bal­ti­more County.

At­lantic For­est Prod­ucts will lease two stor­age build­ings to­tal­ing 160,000 square feet on16 acres, as well as 6,500 square feet of of­fice space at Trade­point At­lantic. The lo­ca­tion will be­come the com­pany’s new cor­po­rate head­quar­ters.

Ma­te­ri­als will start be­ing moved on Nov. 1 and the of­fice work­ers will move on Jan. 1, said John Chisholm, pres­i­dent of At­lantic For­est Prod­ucts.

The com­pany is head­quar­tered on West Dick­man Street in South Bal­ti­more, a prop­erty it sold to Plank’s Sag­amore De­vel­op­ment Co. in 2015.

Chisholm said the move to Trade­point At­lantic was ne­ces­si­tated by the prop­erty sale as well as the growth of the com­pany, which has 50 em­ploy­ees at the Bal­ti­more head­quar­ters and about 15 em­ploy­ees at other East Coast lo­ca­tions.

“It was a com­bi­na­tion of the sale of the prop­erty and ba­si­cally out­grow­ing the space as well,” Chisholm said. “We’ve seen dou­ble-digit growth in rev­enue the last cou­ple years.”

Terms of the deal were not dis­closed, but Trade­point At­lantic said that At­lantic For­est Prod­ucts signed a “long-term lease.”

Chisholm said the com­pany was at­tracted to Trade­point At­lantic’s port and its ac­cess to rail­ways and high­ways.

Other ten­ants at Trade­point At­lantic in­clude Un­der Ar­mour, which is build­ing a 1,000-em­ployee dis­tri­bu­tion cen­ter for on­line orders; FedEx, which is build­ing a dis­tri­bu­tion hub; Pasha Au­to­mo­tive, which im­ports ve­hi­cles; and Har­leyDavid­son, which moved a train­ing school to Spar­rows Point.

Trade­point At­lantic is a joint ven­ture of lo­cal firm Red­wood Cap­i­tal In­vest­ments and the Chicago-based liq­ui­da­tion and re­de­vel­op­ment firm Hilco. For­merly known as Spar­rows Point Ter­mi­nal, Trade­point bought the former steel mill for $110 mil­lion in 2014 with the goal of trans­form­ing it into a cam­pus of port, lo­gis­tics and light man­u­fac­tur­ing uses.

Trade­point At­lantic has com­mit­ted to spend­ing at least $50 mil­lion on en­vi­ron­men­tal cleanup of the site, which has pol­lu­tion from more than a cen­tury of steel-mak­ing.

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