Mandelbaum Barrett PC Real Estate Partner Owen T. Hughes, Esq. represented a real estate investor in the acquisition and financing of the 215,000 square foot warehousing and logistical building located on 14 acres on Kelso Drive, Essex, Maryland. The Purchase Price was $26,700,000.00. Financing was provided by a regional bank in the amount of $16,000,000.00. The transaction was the second leg of a 1031 tax free exchange.