A prominent mixed-use development in Federal Hill is on the market.
Caves Valley Partners is selling its property at 1111 Light Street that is home to several technology companies. The sale is being handled by Cushman & Wakefield’s capital markets and multifamily team.
“1111 Light Street’s exceptional location, luxurious unit finishes, top of the market amenities and asset quality present investors a rare opportunity to acquire a well-positioned mixed-use asset,” said Jorge Rosa, director of Cushman & Wakefield’s multifamily advisory group. “This development offers significant future growth opportunities in one of the nation’s most stable markets.”
The development was completed in 2012 and has 93 apartments, 24,000 square feet of office space and 5,900 square feet of retail.
Office tenants include Betamore, RedOwl Analytics and Zero Fox. M&T Bank and 7-Eleven are retail tenants.
The property is located directly across from Cross Street Market near the thriving neighborhood bar and restaurant scene.
The announcement of the sale of 1111 Light Street comes on the heels of Caves Valley Partners announcing plans to build a massive mixed-use development in nearby historic Sharp-Leadenhall. The $250 million Stadium Square project will feature several hundred residential units, 70,000 square feet of retail space and 300,000 square feet of office space.