Real estate services firm Colliers Pinkard marketed the buildingon Amstar's behalf and reports that there was a great deal ofinterest in the class A office facility among hopefulinvestors.

As noted in one of its recent corporate brochures, "ColliersPinkard conducted a comprehensive repositioning and marketingcampaign in order to sell 300 E. Lombard St. in Baltimore. Thiscampaign resulted in 14 offers and a sale at a value which exceededits appraisal by 25%." According to official state tax records, theproperty has a current assessed value of $21.8 million.

A looming structure in the central business district, 300 E.Lombard was developed 20 years ago on a half-acre in the city'sInner Harbor area, just off I-395 and within close proximity to thePatapsco River. The building's premiere status has been maintainedthrough renovations, the last of which occurred under Amstar'stenure in 2000. A four-level parking structure is among theamenities at the glass and brick-facade building, which was firstknown as the Baltimore Federal Building for a bank that kept itsheadquarters at the locale.