BALTIMORE – Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced the sale of the 80,398-square-foot 7210 Ambassador Road. This fully leased, single-story office building is located in Windsor Mill, Maryland and is 98% leased to the GSA on behalf of the Centers for Medicare & Medicaid. Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, a partnership between CSG Partners and Blue Vista Capital. Massachusetts-based Government Properties Income Trust purchased the property for $14,450,000.
“The property garnered strong interest from specialty investment vehicles focused on the acquisition of GSA leased commercial assets,” commented Jonathan Carpenter, Senior Vice President and Principal at Cassidy Turley. “The Woodlawn submarket of Baltimore is viewed favorably by investors given the established and growing presence of the Social Security Administration and Centers for Medicare & Medicaid who, combined, employ over 13,000 workers in the region.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. 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 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 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.