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Mid Atlantic Real Estate Journal — July 29 - August 11, 2011 — 7A
DELMARVA REAL ESTATE JOURNAL One East Pratt in Baltimore, MD
On Boxwood Road in Newport
Cassidy Turley’s Campanella secures $42.5m in financing
Mitchell Associates to redesign former GM plant
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A LT I M O R E , M D — C a s s i d y Tu r l e y arranged $42.5 million in debt financing for One East Pratt, a class A office building located on
NAI Emory Hill completes church sale NEW CASTLE, DE — Pat Gioffre and Neil Kilian of NAI Emory Hill announced that they completed the sale of a church property located at 1107 S. Dupont HighPat Gioffre way in New Castle to the Sikh Center of Delaware. The property entailed approximateNeil Kilian ly three acres of land and two buildings. The main building had many recent improvements including new HVAC systems, electrical upgrades, a newly constructed office area and a new sport court/ playground area. Global Impacts of Dover was the seller. Sikh Center of Delaware representatives said they were very happy to find a new “gurdwara,” or place to worship and call home. ■
C&W inks 98,745 s/f industrial prop. in Maryland SAVAGE, MD — Cushman & Wakefield’s (C&W) Capital Markets team of Cristopher Abramson and Nicholas Signor and the Industrial Services team of Michael Elardo, SIOR and Brian Kruger arranged the sale of 8730 Bollman Place, a 98,745 sf industrial property on 12.45 acres to Terreno Realty Corporation of San Francisco, California. The building is 100% leased to Maines Paper & Food Service, Inc. ■
Baltimore’s Inner Harbor waterfront. Cassidy Turley’s John Campanella, senior managing director, secured a 5-year floating rate bank loan on behalf of the owner, Griffith Properties, LLC. One East Pratt is a repositioned 10-story, 355,779 s/f office building with significant capital renovations including upgraded common areas, a new glass façade, entrance and mezzanine, and stateOne East Pratt
of-the-art building systems. The Property and its retail plaza occupy an entire block encompassing more than 1.7 acres. On-site amenities include retail shops and dining options such as Sullivan’s Steakhouse and Kona Grill. Building amenities include a large outdoor mezzanine area and two sky bridges that provide direct access to both the Baltimore Convention Center and Baltimore’s Inner Harbor. The building located just one mile from I95, the primary north-south transportation artery on the east coast. ■
WILMINGTON, DE — Mitchell Associates, an architectural design and project-management firm, announced that Fisker Automotive has awarded them the contract to create a master plan for the architectural redesign of the former General Motors assembly plant site on Boxwood Rd. in Newport. The first phase will target the administration building; exterior identity renovation of several of the perimeter buildings in the extensive plant complex will follow. Mitchell Associates’ broadbased master plan for the Fisker Automotive project will include interior space planning and of-
fice fit-out for a large number of employees; it will also address the building’s mechanical, electrical and plumbing needs, and the design of specialized systems, if required. Mitchell Associates principal Lou Rosenberg notes that the team assembled for the re-birth of the Boxwood Road plant will provide the full scope of services, from needs assessment to design and execution of the renovations. In addition to Mitchell Associates designers, architects and project managers, the team includes DE Engineering and Design Corp. of Newark and a Grounds and Landscaping group from the U. of DE. ■
Upcoming Property Management & Roofing/Waterproofing Publication date: August 26, 2011 Deadline: August 12, 2011
Green Buildings & Multifamily Financing Publication date: September 9, 2011 Deadline: August 12, 2011
Fall Preview Publication date: September 23, 2011 Deadline: August 6, 2011 Special advertising rates to all participating firms For more information contact: Linda Christman 1-800-584-1062 x203 Email: lchristman@marejournal.com
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