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Last vacant Inner Harbor parcel sold

Cushman & Wakefield of Maryland Inc. said its capital markets team brokered the sale of a downtown parking lot at 300 E. Pratt St.

300 E. Pratt St.Interpark Holdings LLC, of Chicago, a private investor of parking assets in the United States, bought the nearly one-acre parcel on Pratt Street, bordering the Inner Harbor.

The site, which has operated as a parking lot since the late 1980s, is the last remaining vacant parcel of land fronting on the Inner Harbor, with the potential for approximately 600,000 square feet of development.

The seller was New York-based UrbanAmerica Advisors LLC, a private investment firm specializing in commercial real estate. The sale price was not disclosed.