BALTIMORE—CMC Investments of Ireland, the owner of the 300 E. Lombard St. here, has put the 237,000-square-foot office building on the market for sale.
The property has enjoyed brisk leasing activity of late that has brought the office building to 91% occupancy. In the last year approximately 100,000 square feet of lease deals were signed at the Lombard Street building.
No asking price has been set on the Class A office building, however, Jonathan M. Carpenter of Cassidy Turley says he expects significant interest. Carpenter adds that his brokerage firm will be accepting offers during the next four to five weeks, according to the Baltimore Business Journal.
"With all the activity going on around the building and in the (Central Business District) with the new residential conversions, we really think the building is a testament to location," Carpenter says. "The market is very receptive to offerings like these and the surrounding area is getting a heck of a lot better with all the residential conversions, so it's a very financeable asset today for a new owner."
CMC Investments of Ireland acquired the building for $40 million in 2004. See story in the Baltimore Business Journal.
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