{"id":1004083319,"date":"2013-09-08T20:36:09","date_gmt":"2013-09-09T04:36:09","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=175916"},"modified":"2020-05-21T03:15:24","modified_gmt":"2020-05-21T11:15:24","slug":"blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\/","title":{"rendered":"Blue Ocean Realty Buys Downtown Baltimore\u2019s Only LEED Gold EB Certified Office Tower"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">Baltimore\u2019s 201<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/1233576_468556109910210_1313840458_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-175917\" title=\"1233576_468556109910210_1313840458_n\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/1233576_468556109910210_1313840458_n.jpg\" alt=\"\" width=\"300\" height=\"277\" \/><\/a> North Charles Street has a new owner. Blue Ocean Realty, a local company, paid $19.7 million or about $75 per square foot for the property. Jonathan M. Carpenter and James S. Wellschlager of <a href=\"https:\/\/www.cassidyturley.com\/\" rel=\"nofollow\" ><em>Cassidy Turley<\/em><\/a>\u2019s Capital Markets Group represented the seller, Lexington Charles Limited Partnership. The deal is the first significant investment sale in downtown Baltimore since 2007.<\/p>\n<p style=\"text-align: justify;\">201 North Charles Street is a 28-story Class-A office building located in Baltimore\u2019s Central Business District (CBD), just blocks from City Hall and the Inner Harbor. It was completed in 1967 and offers 264,126 square feet of space. At a height of 350 feet, 201 North Charles Street is the 13th-tallest building in the city. It is also the only LEED Gold EB Certified office tower in Baltimore\u2019s CBD. In 1993, it earned the BOMA Building of the Year Award.<\/p>\n<p style=\"text-align: justify;\">\u201cThis sale signals an increase in investor confidence in the Downtown Baltimore office market as fundamentals continue to gradually improve in the Baltimore CBD,\u201d Jonathan M. Carpenter, managing director and principal at Cassidy Turley, said in a press statement. \u201cCompetition for investment opportunities in gateway markets such as New York and Washington D.C. remains frothy, and Baltimore is increasingly viewed as a viable investment alternative.\u201d<\/p>\n<p style=\"text-align: justify;\">Another Baltimore office building, not far from 201 North Charles Street, also recently changed hands. <a href=\"https:\/\/www.bizjournals.com\/baltimore\/blog\/real-estate\/2013\/09\/associated-black-charities-sells-mt.html?iana=ind_cre\" rel=\"nofollow\" ><em>The Baltimore Business Journal<\/em> <\/a>reported that Associated Black Charities Inc. has sold its Mount Vernon headquarters building for $1.2 million to Jabber Five Real Estate Group. The 11,000-square-foot building is located at 1114 Cathedral Street. Associated Black Charities will continue to lease space in the building and will occupy the entire second floor, but the Baltimore Business Journal reports that the new owner plans to replace the former office space with retail.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credits: <a href=\"https:\/\/maps.google.ro\" >Google Maps<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Baltimore&rsquo;s 201 North Charles Street has a new owner. Blue Ocean Realty, a local company, paid $19.7 million or about $75 per square foot for the property. Jonathan M. Carpenter and James S. Wellschlager of Cassidy Turley&rsquo;s Capital Markets Group represented the seller, Lexington Charles Limited Partnership.  The deal is the first significant investment sale in downtown Baltimore since 2007.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579],"tags":[39414,1815],"class_list":["post-1004083319","post","type-post","status-publish","format-standard","hentry","category-baltimore","tag-baltimore","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Blue Ocean Realty Buys Downtown Baltimore\u2019s Only LEED Gold EB Certified Office Tower - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue Ocean Realty Buys Downtown Baltimore\u2019s Only LEED Gold EB Certified Office Tower\" \/>\n<meta property=\"og:description\" content=\"Baltimore&rsquo;s 201 North Charles Street has a new owner. Blue Ocean Realty, a local company, paid $19.7 million or about $75 per square foot for the property. Jonathan M. Carpenter and James S. Wellschlager of Cassidy Turley&rsquo;s Capital Markets Group represented the seller, Lexington Charles Limited Partnership. The deal is the first significant investment sale in downtown Baltimore since 2007.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-09T04:36:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-21T11:15:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/09\/1233576_468556109910210_1313840458_n.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Blue Ocean Realty Buys Downtown Baltimore\u2019s Only LEED Gold EB Certified Office Tower\",\"datePublished\":\"2013-09-09T04:36:09+00:00\",\"dateModified\":\"2020-05-21T11:15:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/09\\\/1233576_468556109910210_1313840458_n.jpg\",\"keywords\":[\"Baltimore\",\"National\"],\"articleSection\":[\"Baltimore\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/blue-ocean-realty-buys-downtown-baltimores-only-leed-gold-eb-certified-office-tower\\\/\",\"name\":\"Blue Ocean Realty Buys Downtown Baltimore\u2019s Only LEED Gold EB Certified Office Tower - 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