KPSS Inc. has been the sole tenant since the property delivered in 1995, occupying 100% of the available space for use as its North American headquarters. The 33,026-sf, two-story office building features a two-story atrium entrance and a two-story glass entry from two sides of the building.
The building was part of a land parcel with two office buildings. CAG subdivided the land in order to sell one of the buildings, Beard tells GlobeSt.com. Now, CAG remains the sole occupant of the neighboring property, 979 Corporate Blvd., which is a warehouse/office facility.
Beard says office sales in the Baltimore-Washington corridor have been relatively scarce, compared to the larger market. "This deal was noteworthy for that reason."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
