John McClellan, CCIM, Senior Advisor with Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD has announced that Westwood Development LLC has acquired the 9-acre parcel that was intended to be Stock Building Supply lumber yard and warehouse.
Stock Building Supply purchased the parcel in September of 2006. The decline in housing sales and new construction forced the company to restructure and sell excess properties.
According to officials with Westwood Development LLC, “We are disappointed that a quality company like Stock was not able to develop their Salisbury location and we elected to repurchase the property to help maintain the integrity and development standards established in Westwood Commerce Park. We look forward to finding a company to build on this location.”
Westwood Commerce Park is a 260 acre planned business community located at the Western Gateway to Salisbury at Route 50 and Naylor Mill Road. For more information on Westwood Commerce Park please visit
www.WestwoodCommercePark.com.
McClellan has been involved in real estate in the local market since 1987 and specializes in Commercial & Industrial Real Estate and Tax Deferred Exchanges. He joined the Sperry Van Ness-Miller Commercial team in January 2007.