BALTIMORE, MD—The retail component of a newly-constructedtwo-story, 24,000-square-foot addition at 400 East PrattSt., is already fully leased one year after its delivery.Three new retailers are moving to the Inner Harbor building:CVS/pharmacy, Chick-fil-A and Nalley Fresh, joining Shake Shack andM&T Bank.
The expansion includes 12,000 square feet of new retail space,which brought 400 East Pratt's retail total to 21,000 square feet.Before the expansion 400 East Pratt was 143,750 square feet and 65%occupied. Now the building totals approximately 167,750 square feetand is 95% occupied.
Building owner and operator PDL Pratt Assoc.designed the retail space to reflect the goals of the Pratt Streetinitiative, a plan developed by the Downtown Partnership ofBaltimore and supported by Baltimore City and the BaltimoreDevelopment Corporation to revitalize downtown Baltimore andimprove the north side of Pratt Street.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
