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Cole buys Baltimore Sam’s Club property


Cole Real Estate Income Strategyhas purchased a 10.5-acre Sam’s Club property in Timonium, Maryland—just north of Baltimore — for $18.3 million in cash.

“The seller was able to secure an early lease extension prior to the sale, which created a well-positioned, long-term passive investment for the new ownership,” said Jon Busse, Senior VP at Colliers International, which handled the deal on behalf of the seller, Diamond Timonium LLC.

Ten years remain on the lease for Sam’s Club, which opened there in 2000.

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