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Washington DC & Mid-Atlantic  + Baltimore  + Office  |  March 16, 2021
David Cohen
By: David Cohen

Baltimore’s St. Paul Plaza Office Tower Trades for $44M

Miami-based investors Sea N Blue LLC have acquired the St. Paul Plaza office tower and parking garage in downtown Baltimore for $44 million.

The investors paid $33.6 million for the office tower and $10.4 million for the 890-space parking garage. Currently, the office tower is anchored by the Maryland Attorney General’s office, which leases approximately 110,000 square feet at the building. The Maryland Insurance Administration is the building’s second largest tenant at the tower, occupying 74,000 square feet.

The 261,867-square-foot office tower was built in 1989 and currently has approximately 16,000 square feet of office space available.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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