Newmark today announced the sale of 180 Admiral Cochrane, a five-story, Class-A office building located in Annapolis, Maryland to Grander Capital Partners.
Newmark’s Baltimore Capital Markets team including Executive Managing Director Cris Abramson, Senior Managing Director Brian Kruger, Director Nicholas Signor and Associate Ben McCarty facilitated the sale.
“180 Admiral Cochrane has a long history of outperforming the already tight Annapolis office market,” said Abramson. “Equidistant from both Washington, DC and Baltimore, in its Annapolis location, 180 Admiral Cochrane benefits from strong demographics and tremendous access.”
180 Admiral Cochrane totals 125,728 square feet. At 84 percent leased, the property provides strong in-place cash flow with value-add potential through lease-up. Situated in the Riva Road corridor, the property has direct access to I-97, Route 50, Route 301 and Route 2.
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. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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