Baltimore
Baltimore Retail Center Trades for $16M
The 129,242-square foot Governors Commons was 100 percent leased at the time of sale. The asset is close to both Interstate 97 and Arundel Expressway.
Work Starts on 750 KSF Logistics Center Near Baltimore
Atapco Properties has teamed up again with Chesapeake Real Estate Group to develop a pair of industrial buildings on a 52-acre site in White Marsh, Md. Delivery is slated for the first quarter of 2020.
St. John Properties Appoints SVP
Sean Doordan has been with the company since 2005. In his new role, he will oversee the acquisition, leasing, space planning, interior design and marketing departments.
St. John Properties’ LEED Asset Count Reaches 50
Since initiating its LEED program a decade ago, the Baltimore-based commercial real estate company has developed almost 3 million square feet of Gold, Silver or Certified space.
Tech Start-Up Broadly Opens Baltimore Office
The Bay Area company moved into a 7,500 square-foot space in the Southeast Baltimore submarket where it plans to hire 50 employees.
KBS Inks 196 KSF Lease Renewal in Baltimore
Morgan Stanley has been anchoring the 260,000-square-foot Thames Street Wharf since it was completed in 2010. The building is part of the 27-acre Harbor Point project.
Port Covington’s Impact on the Baltimore Office Market
Weller Development President Marc Weller contends that strategically located projects can attract new businesses and bolster leasing activity, despite Baltimore’s recent oversupply struggles. He also shares future plans for the 235-acre megadevelopment.
FRP Acquires Baltimore-Area Industrial Park
The company intends to perform capital improvements on the 270,000-square-foot Cranberry Run Business Park in Aberdeen, Md. The $6.3 million purchase is part of the firm’s new development strategy.
JV to Acquire Embassy Suites in Baltimore
An HFF team arranged the partnership and secured the acquisition financing. The Hilton-branded hotel previously sold in 2014 for $21.2 million.
Westmount Sells Baltimore-Area Industrial Park
The company sold Logistics Pointe BWI in Hanover, Md., a 357,700-square-foot light industrial and distribution center, following a capital improvement program.