{"id":1004207330,"date":"2018-02-16T10:23:49","date_gmt":"2018-02-16T18:23:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207330"},"modified":"2022-12-09T02:48:52","modified_gmt":"2022-12-09T10:48:52","slug":"morning-calm-acquires-baltimore-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morning-calm-acquires-baltimore-office-asset\/","title":{"rendered":"Morning Calm Acquires Baltimore Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004207331\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/500-East-Pratt-St.-Baltimore.png\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004207331\" data-attachment-id=\"1004207331\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/morning-calm-acquires-baltimore-office-asset\/500-east-pratt-st-baltimore\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/500-East-Pratt-St.-Baltimore.png\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"500 East Pratt St., Baltimore\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;500 East Pratt St., Baltimore&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/500-East-Pratt-St.-Baltimore.png?w=400\" loading=\"lazy\" class=\"wp-image-1004207331 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/500-East-Pratt-St.-Baltimore.png\" alt=\"500 East Pratt St., Baltimore\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/500-East-Pratt-St.-Baltimore.png 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/500-East-Pratt-St.-Baltimore.png?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004207331\" class=\"wp-caption-text\">500 East Pratt St., Baltimore<\/p><\/div>\n<p>Morning Calm Management has acquired 500 East Pratt St., a new office building in Baltimore&#8217;s Inner Harbor. The asset was purchased for $60 million from TIER REIT Inc. This property marks the company&#8217;s third area acquisition in just over a year.\u00a0<\/p>\n<p><em>\u201c500 East Pratt is a premier asset located in the center of Baltimore\u2019s bustling commercial district,\u201d<\/em>\u00a0said\u00a0Mukang Cho, CEO &amp; managing principal at Morning Calm, in prepared remarks.\u00a0<em>\u201cThe property\u2019s prestigious address comes with sweeping city and harbor views and unlimited amenities within walking distance. We\u2019re excited to acquire 500 East Pratt and expand our Baltimore-Washington metropolitan area portfolio into the heart of Baltimore.\u201d<\/em><\/p>\n<h2>Property Features<\/h2>\n<p>Developed by Trammell Crow Co. in 2004, the 280,000-square-foot, Class A asset features 13 stories and hosts tenants such as CohnReznick, Saul Ewing, Deloitte, JLL, UBS and McGuire Woods. Currently 93 percent occupied, the property includes a two-story atrium-style lobby, 30-foot by 30-foot column spacing, a nine-story shared parking structure, a private terrace, 24,000-rentable-square-foot floorplates, ceiling heights ranging from 9 to 11 feet and four private balconies.\u00a0<\/p>\n<p>The property is within close proximity to the Jones Fall Expressway and interstates 395 and 95, providing access to North Baltimore, Baltimore-Washington International Airport and Washington, D.C. Nearby attractions include the National Aquarium, Harborplace Pavilion, Oriole Part at Camden Yards, Federal Hill, Pier Six Pavilion and M&amp;T Bank Stadium, as well as easy access to the Baltimore Penn, Camden MARC and Metrorail stations.\u00a0<\/p>\n<p>In December, Morning Calm acquired Metro Plex I and II, a 293,500-square-foot Class B <a href=\"https:\/\/www.commercialsearch.com\/news\/morning-calm-closes-suburban-dc-office-value-add-deal\/\">office park in Landover<\/a>, Md., for $16.5 million. The property also includes a 3.7-acre pad site approved for 200,000 square feet of future development.<\/p>\n<p><em>Image courtesy of Morning Calm Management\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TIER REIT Inc. sold the 280,000-square-foot building at 500 East Pratt St., which marks the buyer&#8217;s third acquisition in the metro in just over a year. <\/p>\n","protected":false},"author":746,"featured_media":1004207331,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,13,21742,21747],"tags":[33697,33579,32893],"class_list":["post-1004207330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-midwest","category-latest","category-office","tag-morning-calm-management","tag-tier-reit-inc","tag-trammell-crow-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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