11:30 AM
Newmark announces the sale of 226 Schilling Circle, a vacant, 98,640-square-foot office building in Hunt Valley, Maryland. Merritt Properties purchased the property.
Executive Managing Director Cris Abramson, Director Nicholas Signor and Associate Director Ben McCarty of Newmark’s Maryland Capital Markets team facilitated the sale. The transaction is the team’s fourth office sale in Hunt Valley this year.
“This asset provides a tremendous opportunity to renovate and update a large block of space in a thriving submarket with immediate access to countless amenities,” said Abramson.
226 Schilling, situated on 6.7 acres, was previously home to McCormick & Company and was built in 1980.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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