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Ground Up

The Daily Record's real estate blog

Notable transactions: Windsor Mill flex, Halethorpe industrial and Mt. Vernon multifamily

A variety of notable Maryland real estate transactions have been reported in recent days. Among them:

Windsor Mill flex building grabs $2.15M

Community Support Services for the Deaf has purchased its single-story flex office building in Windsor Mill.

The nonprofit, represented by Blue & Obrecht Realty Senior Vice President David Paulson, leased the property at 7123 Windsor Mill  Road several years ago with an option to purchase. The option was executed and the organization purchased the property from Rutherford Business Center LLC for $2.15 million.

Community Support Services for the Deaf occupies all about 3,000 square feet of the 17,250-square-foot building on one acre of land.

Halethorpe industrial nabs $13.4 million

A 313,000-square-foot warehouse in Halethorpe sold for $13.4 million.

The O’Donnell Group purchased the property from Federal Capital Partners. Jonathan M. Carpenter, executive director, and Graham Savage, director, of Cushman & Wakefield’s Baltimore Capital Markets, represented the seller.

The sale marked what Cushman & Wakefield described as its eighth major industrial deal in 2017. Industrial transactions completed by the firm last year totaled 4.5 million square feet and $340 million.

“The sale of 2209 Sulphur Spring Road shows the attractive fundamentals of the Baltimore Industrial Market for national buyers,” Savage said in a statement. “With value-add industrial opportunities in this market extremely few and far between, the sale of this property shows that Baltimore is a sought after industrial location for national buyers. The new owner plans to add dock doors to the vacant property and lease it back up.

Federal Hill redevelopment opportunity sells for $710,000

A single-story 10,000-square-foot property at 12 W. Montgomery St. in Baltimore sold for $710,000.

The building is in the city’s thriving Federal Hill neighborhood, just off key Highway and a few blocks from the Inner Harbor. The property was sold to a developer operating as 12 W. Montgomery St.

David Paulson, senior vice president at Blue & Obrecht Realty, represented the seller in the transaction. The property, with its connection to retail and access to Interstate 95, was marketed as a redevelopment opportunity.

Mt. Vernon multifamily fetches $765,000

The multifamily building at 1041 St. Paul St. in Baltimore’s Mt. Vernon neighborhood sold for $765,000, or $85,000 a unit.

The building dates back to 1900 and is walking distance of several cultural amenities including the Walters Art Museum and Johns Hopkins Peabody Library. SVN Realsite’s Justin Verner and Brooks Healy represented the seller in the transaction.


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