BALTIMORE, MD—Caves Valley Partners is puttingits mixed-use development, 1111 Light Street, on the market. It hastapped Cushman & Wakefield's Jorge Rosa, AnthonyLiberto, Cristopher Abramson, Brian Kruger andNicholas Signor to market the property.
A two-year old development, 1111 Light Street 2012 delivered 93apartment units, 24,000 square feet of office space, and 5,900square feet of retail space in the Federal Hill submarket. Officetenants include Betamore, RedOwl Analytics and Zero Fox. M&TBank and 7-Eleven occupy some of the retail space.
Rosa, who is director with C&W Multifamily Advisory Group,calls the placement a rare opportunity to acquire a well positionedmixed-use asset and indeed, there have been few sales of suchdevelopments in Baltimore recently. Multifamily complexes? Yes.Retail and industrial? Certainly. Mixed-use? Not so much.
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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.
