By Melody Simmons – Senior Reporter, Baltimore Business Journal
A large property adjacent to the Port of Baltimore just traded for $11.1 million.
A 16.5-acre, U-shaped parcel at 1935 and 1999 Chesapeake Ave. sold to Miami-based Chesapeake Terminal Partners LLC in a deal that attracted several bids, said Jim Chivers, senior vice president of Gold and Co., who brokered the deal with Will McCullough. The anchor tenant is Amports Inc., a large vehicle processing and automotive logistics firm. The seller was two entities tied to local logistics and industrial investor BTR Capital Group, per state records.
“The property was active on the market for approximately a year,” Chivers told the Baltimore Business Journal on Wednesday. “It was very competitive with interested buyers both locally, nationally and internationally who showed interest in the site because of the industrial waterfront access and the long term leases in place.”
The parcel sits in the Fairfield Maritime Industrial District in South Baltimore and has a large flat-surface parking for new vehicle transports. The property at 1935 Chesapeake Ave. stretches 9.6 acres, while 1999 Chesapeake Ave. spans 6.9 acres, Chivers said. The properties are fully fenced, paved and lighted. There is a 400-foot bulkhead at the waterfront.
Amports has a long-term lease in place at the site for its roll-on/roll-off cargo port terminals, which offer pre-delivery vehicle inspections, accessory installations, electric vehicle handling, rail loading and secure fleet storage for new vehicle deliveries. The Port of Baltimore handles the second-most cars and light trucks of any U.S. port, second only to the Port of Brunswick in Georgia.
“This transaction underscores the long-term value of prime port property in Baltimore,” Chivers said. “We are continuing to see incredible activity and strong investment demand in the Fairfield Industrial District, which is heavily dominated by the auto processing industry where specialized waterfront industrial real estate with infrastructure remains a highly sought-after component of the global supply chain.”
The port handled close to $66 billion worth of cargo in 2025, the third-highest total ever, according to state transportation and port officials, and the facility continues to expand. This spring, the Maryland Port Administration spent $6 million to acquire over 17 acres near two of its existing terminals at 2400 Edgewater Ave. and 2701 Broening Highway. Port officials said that the properties that sit on Colgate Creek will figure into the agency’s developing master vision plan.