COLUMBIA, MD-The 170,000-sf office complex known as Century Plaza is about to get refinanced, a deal has been put in place for its owner. Through real estate investment-banking firm John B. Levy & Co., borrower BRIT LP has secured a $21 million loan for the purpose of refinancing Century Plaza, which sits on Little Patuxent Pkwy.

The site consists of two 90% occupied, four-story structures from the 1970s, located just 15 minutes away from Baltimore-Washington Airport. The financing has been made available n the form of a 10-year permanent mortgage that will amortize over a 30-year period.

“We were able to secure an excellent rate and terms in part due to the strength of the borrower, but also the market and the location,” John B. Levy & Co. president John B. Levy says. “These office buildings are exceptionally located in one of the richest communities in Maryland–and have maintained a steady tenancy since opening.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.