BALTIMORE-The Stieff Silver Building, a historic office/R&D building in Baltmore’s popular Hampden submarket, is being listed for sale with CBRE’s Bo Cashman and Jonathan Beard acting as the exclusive brokers. Located at 800 Wyman Park Dr., the 84,262-square-foot building is 98% occupied, with Johns Hopkins University Whiting School of Engineering as the lead tenant for the two-building complex.

KS Wyman Park Development is listed as the owner for the structure, which used to house Stieff Silver operations. The building was renovated and converted to multi-tenant office space by Struever Brothers Eccles and Rouse in 2001 but still sports the illuminated “Stieff Silver” sign.

The renovation also left intact the building’s original facade, copper lobby awning, industrial ceilings, metal window frames, and hardwood floors. The building is going on the market at a time when Baltimore’s office market is grappling, along with Washington, DC, with the ongoing uncertainty about the federal budget.

For Q1, vacancy rates in the market increased slightly, a separate report from CBRE notes. Overall vacancy rates increased from 16.6% in Q4 2011, to 16.8% in Q1 2012. The good news is that it experienced overall positive net absorption. “We are also seeing a continued pause in the market with businesses and investors taking a wait-and-see stance until after the election,” Chip Olsen, senior managing director for CBRE’s Baltimore office, said in a prepared statement.