{"id":1004389169,"date":"2020-02-07T11:21:48","date_gmt":"2020-02-07T19:21:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004389169"},"modified":"2021-05-10T02:06:12","modified_gmt":"2021-05-10T10:06:12","slug":"cim-group-buys-baltimore-area-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-baltimore-area-office-building\/","title":{"rendered":"CIM Group Affiliate Buys Baltimore-Area Office Building"},"content":{"rendered":"<div id=\"attachment_1004389172\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004389172\" data-attachment-id=\"1004389172\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cim-group-buys-baltimore-area-office-building\/40-wight-avenue\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg\" data-orig-size=\"1000,750\" 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;1&quot;}\" data-image-title=\"40 Wight Ave.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;40 Wight Ave.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg?w=1000\" class=\"wp-image-1004389172 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/40-Wight-Avenue-e1581082973412.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004389172\" class=\"wp-caption-text\">40 Wight Ave.<\/p><\/div>\n<p>CCIT II\u2014a CIM Group-managed non-listed REIT\u2014has spent $39.1 million on a 134,455-square-foot office building in Hunt Valley, Md. According to Yardi Matrix data, the sale marks the first time the asset changed hands since 2017, when Greenfield Partners developed the property.<\/p>\n<p>The acquisition is the fourth for the buyer since last December, adding 653,455 square feet of single-tenant net-leased assets to the company\u2019s portfolio. &nbsp;<\/p>\n<p>Located at 40 Wight Ave., the asset is within walking distance of retail and dining options, as well as three light rail stops. Additionally, the property is less than 2 miles from Interstate 83 and roughly 18 miles north of downtown Baltimore. The five-story, LEED Gold-certified building occupies some 7.4 acres and houses the corporate headquarters of a regional engineering and design firm.<\/p>\n<p>At the end of the year, <a href=\"https:\/\/www.commercialsearch.com\/news\/cim-group-signs-andersen-to-los-angeles-tower\/\">CIM Group welcomed Andersen<\/a> at its 1.3 million-square-foot CityNational2Cal tower in Los Angeles. The independent tax firm will relocate its office from 400 S. Hope St.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The LEED Gold-certified building hosts the corporate headquarters of a regional engineering and design firm. <\/p>\n","protected":false},"author":748,"featured_media":1004389172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21783,11,21742,21747],"tags":[33194,36212],"class_list":["post-1004389169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-investment","category-midatlantic","category-latest","category-office","tag-cim-group","tag-greenfield-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CIM Group Affiliate Buys Baltimore-Area Office Building - 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