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Broadshore Nabs Baltimore Offices Turned Apartments
Broadshore Capital Partners, in a joint venture with an investment partner, has completed the acquisition of 225 North Calvert, a 347-unit, 17-story apartment building in the Inner Harbor District of downtown Baltimore. Deal terms weren’t disclosed.
The seller completed a top-to-bottom renovation of the circa-1967 office building in 2018, converting the property to a Class A apartment tower. Along with apartments, the building also provides 9,535 square feet of ground-floor retail space.
“Downtown Baltimore has evolved in the decades since 225 Calvert was originally constructed and in its new incarnation it offers a well-located, modern residential opportunity in a central business district that also benefits from being a popular tourist destination,” said Brad Howe, co-CEO, Broadshore.
Broadshore’s head of East Coast acquisitions, Scott Clukies, led the company’s team on the transaction. The seller was represented by a JLL team of Walter Coker, Brian Crivella and Robert Jenkins.
- ◦Sale/Acquisition
