{"id":1004152503,"date":"2016-09-15T06:31:45","date_gmt":"2016-09-15T14:31:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152503"},"modified":"2020-05-19T00:55:59","modified_gmt":"2020-05-19T08:55:59","slug":"chesapeake-acquires-baltimore-area-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/chesapeake-acquires-baltimore-area-office-complex\/","title":{"rendered":"Chesapeake Acquires Baltimore-Area Office Complex"},"content":{"rendered":"
\"1341<\/a>

1341 Ashton Road, Baltimore<\/p><\/div>\n

Baltimore\u2014<\/strong>Full-service commercial real estate company Chesapeake Real Estate Group<\/a> recently acquired a two-building, 26,000-square-foot office complex situated in the Hanover\/Arundel Mills section of Anne Arundel County from Corporate Office Properties Trust<\/a>. The asset sold for $2.9 million and it represents CREG\u2019s first investment in the office market.<\/p>\n

The office complex consists of 1341 Ashton Road, a 100 percent leased 16,000-square-foot single-story building, and 1343 Ashton Road, a 10,000-square-foot single-story building that is currently vacant. The complex is situated near the intersection of Routes 170 and 176 and in close proximity to Route 100. The property is located less than 4 miles away from the Baltimore-Washington International Airport, 2 miles from Arundel Mills and 12 miles from downtown Baltimore.<\/p>\n

The buildings are slated for interior and exterior improvements worth approximately $600,000, amounting to a total investment of $3.5 million. CREG is also currently negotiating with prospective tenants.<\/p>\n

Courtesy image<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The asset sold for $2.9 million, marking CREG\u2019s first investment in the office market.<\/p>\n","protected":false},"author":1269,"featured_media":1004152505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21825,21783,11,21742,21747],"tags":[],"class_list":["post-1004152503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-finance","category-investment","category-midatlantic","category-latest","category-office"],"acf":[],"yoast_head":"\nChesapeake Acquires Baltimore-Area Office Complex - 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\/chesapeake-acquires-baltimore-area-office-complex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chesapeake Acquires Baltimore-Area Office Complex\" \/>\n<meta property=\"og:description\" content=\"The asset sold for $2.9 million, marking CREG\u2019s first investment in the office market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/chesapeake-acquires-baltimore-area-office-complex\/\" \/>\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=\"2016-09-15T14:31:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T08:55:59+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/1341-Ashton-Road.jpg\" \/>\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\\\/chesapeake-acquires-baltimore-area-office-complex\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chesapeake-acquires-baltimore-area-office-complex\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Chesapeake Acquires Baltimore-Area Office Complex\",\"datePublished\":\"2016-09-15T14:31:45+00:00\",\"dateModified\":\"2020-05-19T08:55:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chesapeake-acquires-baltimore-area-office-complex\\\/\"},\"wordCount\":154,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chesapeake-acquires-baltimore-area-office-complex\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/09\\\/1341-Ashton-Road.jpg\",\"articleSection\":[\"Baltimore\",\"Deals\",\"Finance\",\"Investment\",\"Mid-Atlantic\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chesapeake-acquires-baltimore-area-office-complex\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chesapeake-acquires-baltimore-area-office-complex\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/chesapeake-acquires-baltimore-area-office-complex\\\/\",\"name\":\"Chesapeake Acquires Baltimore-Area Office Complex - 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