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Exterior of 1100 Wicomico Street in Baltimore, a unique property in the fact that it poised to house companies looking for anything from a penthouse headquarters to an industrial factory space with loading docks and freight elevators. (The Daily Record/Maximilian Franz),

‘One of the most interesting spaces in Baltimore’

The building at 1100 Wicomico St. in Pigtown, just west of the Carroll-Camden Industrial Area, presents a unique opportunity for companies searching for space in Baltimore.

The eight-story, 440,000 -square-foot building is 60 percent leased, but available space includes the roughly 47,000-square-foot top floor. Lee & Associates Chesapeake Region LLC Vice President Kate Jordan, the building’s leasing agent, believes the versatility of the space is a great asset that could make it ideal for a variety of uses.

L and R- Brent Maricle, Property Manager with Bernstein Management Group and kate Jordan, VP at Lee & Associates commercial real estate services, seen here in the top floor of 1100 Wicomico Street in Baltimore, a unique property in the fact that it poised to house companies looking for anything from a penthouse headquarters to an industrial factory space with loading docks and freight elevators. (The Daily Record/Maximilian Franz)

L and R- Brent Maricle, Property Manager with Bernstein Management Group and kate Jordan, VP at Lee & Associates commercial real estate services, seen here in the top floor of 1100 Wicomico Street in Baltimore, a unique property in the fact that it poised to house companies looking for anything from a penthouse headquarters to an industrial factory space with loading docks and freight elevators. (The Daily Record/Maximilian Franz)

“The unique thing about this is it can be warehouse space or office space,” Jordan said.

The top floor space, which has exposed brick and views overlooking the city skyline, Oriole Park at Camden Yards and M&T Bank Stadium, has drawn interest from a range of possible tenants who envisioned using the space for such unusual purposes as a haunted house or a paintball park. While those possible uses were amusing, Jordan said, she can also see the space being used for a more traditional use.

“We think it would be an amazing corporate headquarters,” Jordan said.

Convincing a company to relocate its headquarters to the area would be a major coup for a section of the city that is considered more of an industrial area and is separated from the traditional downtown by Martin Luther King Jr. Boulevard. However, that perception may be shifting because of an influx of white-collar jobs from the nearby University of Maryland BioPark as well as plans for a massive $460 million mixed-use project in Poppleton just to the north.

1100 Wicomico St., which was built in 1900 and has a 250-space parking garage, already has a mix of tenants that range from Baltimore Bioworks, a molecular biological manufacturing, distribution and pharmacokinetics company, to uniform manufacturer F & F and A. Jacobs & Son Inc. At one point Under Armour even leased space in the building.

Washington, D.C.-based Bernstein Management Corp., as BDC Wicomico LLC, owns the building. The firm, which owns 81 properties with 3.5 million square feet of commercial space and more than 5,000 apartments in D.C., Virginia and Maryland, purchased the property in 2007 for $8.8 million, according to online state tax records.

1100 Wicomico Street in Baltimore. (The Daily Record/Maximilian Franz),

1100 Wicomico Street in Baltimore. (The Daily Record/Maximilian Franz),

Jordan said she would love to lease out the entire top floor space to a single tenant but that it could also be divided into smaller spaces for several smaller spaces.  Currently the space isn’t being targeted to any particular market segment and could easily become home to a technology company or a manufacturer.

“I think this is one of the most interesting spaces in Baltimore,” Jordan said.

 


About Adam Bednar

Adam Bednar covers real estate and development for The Daily Record.