Cassidy Turley Arranges the Sale of 201 North Charles Street, a 28-Story Office Tower in Baltimore’s CBD

First Significant Investment Sale in Downtown Baltimore Since 2007

Published on September 04, 2013


BALTIMORE – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has arranged the sale of 201 North Charles Street in Baltimore.  The 28-story, 264,126 square foot building is the only LEED Gold EB Certified office tower in Baltimore’s Central Business District.  Jonathan M. Carpenter and James S. Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, Lexington Charles Limited Partnership.  Baltimore-based Blue Ocean Realty purchased the property for $19,667,000.

“This sale signals an increase in investor confidence in the Downtown Baltimore office market as fundamentals continue to gradually improve in the Baltimore CBD,” commented Jonathan M. Carpenter, Managing Director and Principal at Cassidy Turley. “Competition for investment opportunities in gateway markets such as New York and Washington D.C. remains frothy, and Baltimore is increasingly viewed as a viable investment alternative.”

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley Baltimore
With a 90+ year heritage serving clients in the Greater Baltimore Metropolitan area, Cassidy Turley’s client-focused, team approach and reputation for thorough market knowledge is recognized throughout the real estate industry.  We are local leaders in Capital Markets – in 2012 we completed 16 investment sales transactions totaling $338 million in the Mid-Atlantic Region. As corporate leaders, Baltimore is home to Cassidy Turley’s Chairman of the Board, and its Life Sciences Practice Group and Global Tenant Advisory team.  As community leaders, our employees sit on numerous boards and are active volunteers with The Salvation Army, United Way, and Middle Branch Park.

Rebecca Murphy
410.347.7814

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