Thursday, November 20, 2025
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Maryland

The Baltimorean
AcquisitionsMarylandMultifamilySoutheast

Northmarq Arranges $6M Sale of Apartment Complex in Baltimore

by Abby Cox

BALTIMORE — Northmarq has arranged the $6 million sale of The Baltimorean Apartments, a 66-unit complex located near Johns Hopkins University in Baltimore. Ari Azarbarzin, Anthony Pino, Wallace Halpert and Jamie Grant of Northmarq represented the seller, an entity doing business as 2905 N. Charles Street LLC, in the transaction. Real Estate Dimensions was the buyer. This transaction marks the first time the property has been sold since 1994. Originally built in 1927, The Baltimorean offers a mix of studios, one- and two-bedroom apartments, with units averaging 385 square feet in size. The property features two elevators, a fitness room, management office and a laundry room.

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Residence Inn by Marriott Baltimore White Marsh
AcquisitionsHospitalityMarylandSoutheast

HWE Arranges Sale of 131-Room Residence Inn Hotel in Baltimore

by Abby Cox

BALTIMORE — Hodges Ward Elliott (HWE) has arranged the sale of the Residence Inn by Marriott Baltimore White Marsh, a 131-room hotel property located within the White Marsh Town Center master-planned community in Baltimore. The hotel spans four floors and features a mix of amenities including a fitness center, outdoor swimming pool, sports court, meeting room and complimentary breakfast. Clint Hodges and Nate Ries of HWE represented the seller, an affiliate of American Hotel Income Properties REIT LP, in the transaction. The buyer and purchase price were not disclosed.

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Company NewsDevelopmentMarylandMixed-UseSoutheast

MAG Partners Exits $5.5B Baltimore Peninsula Development Team

by John Nelson

BALTIMORE — MAG Partners has announced its exit from the master development team of Baltimore Peninsula, a $5.5 billion mixed-use development underway in south Baltimore. The multi-phase, 235-acre development, formerly branded as Port Covington, is led by Sagamore Ventures, a developer founded by Under Armour’s CEO Kevin Plank, as well as Goldman Sachs Urban Investment Group and the City of Baltimore. MacFarlane Partners has also been a member of the development team since joining alongside MAG Partners in 2022, but the San Francisco-based firm has also left the project, according to the Baltimore Business Journal. The news outlet also reported that MAG Partners will stay involved in several office leases in the works alongside leasing agent Courtenay Jenkins of Cushman & Wakefield. In its departure statement, MAG Partners says the firm was involved in opening 1.1 million square feet of commercial space at Baltimore Peninsula and stabilizing 450 apartments since joining the development team in May 2022. The Baltimore Business Journal reports that Sagamore Ventures is seeking out development partners for the remaining phases of Baltimore Peninsula.

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AcquisitionsIndustrialMarylandSoutheast

Marcus & Millichap Brokers $9.1M Sale of Industrial Facility in Annapolis, Maryland

by John Nelson

ANNAPOLIS, MD. — Marcus & Millichap has brokered the $9.1 million sale of an industrial facility located at 1812-1820 Margaret Ave. in Annapolis, about 30 miles east of Washington, D.C. The 41,059-square-foot, two-story facility sits on nearly 1.7 acres within the Annapolis Design District. The infill property, which was fully leased at the time of sale to six tenants, features open warehouse space with 22-foot ceiling heights, skylights and reserved parking. The facility also includes a 2,541-square-foot flex/showroom suite with a 600-square-foot office on the second level. John Faus and Bryn Merrey of Marcus & Millichap represented the seller and procured the buyer, a private investor, in the transaction. Both parties requested anonymity.

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9107 and 9115 Yellow Brick Road
DevelopmentIndustrialMarylandSoutheast

Knott Realty Group Completes Two Baltimore County Industrial Buildings Totaling 276,000 SF

by Abby Cox

ROSEDALE, MD. — Knott Realty Group has completed two industrial buildings located at 9107 and 9115 Yellow Brick Road within Rossville Industrial Park in Baltimore County. 9107 Yellow Brick Road totals 150,492 square feet and offers 46 dock doors, two drive-in doors and 226 parking spaces, while 9115 Yellow Brick Road comprises 125,791 square feet with 38 dock doors, two drive-in doors and 160 parking spaces. Rossville Industrial Park now spans approximately 1 million square feet across nine buildings. The new facilities feature tilt-up construction, 32-foot height ceilings, ESFR sprinklers, high-bay LED lighting and a seven-inch reinforced concrete slab, as well as energy-efficient roofs and HVAC systems. An outside storage lot is also available to support up to 29 trailer drops. Additionally, Knott Realty Group will incorporate solar panels on the rooftops of both buildings and apply for LEED certification. The project team included Baltimore Land Design Group, Geo-Technology Associates, Glen Arm Building Co., Lorax Partnerships, Morris & Ritchie Associates, Venable and Ware Malcomb, with support from Providence Engineering and Paragon Engineering.

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LoansMarylandMultifamilySoutheast

Newmark Provides $67.5M Agency Refinancing for Rockwell at Crown Apartments in Metro D.C.

by Abby Cox

GAITHERSBURG, MD. — Newmark has provided a $67.5 million agency loan for the refinancing of Rockwell at Crown, a 335-unit multifamily apartment community located in Gaithersburg, roughly 20 miles northwest of Washington, D.C. Jim Badolato, Rob Cantazano, Greg Primiano, Deric Obeldobel and Elias Sulpizio of Newmark originated the financing through Fannie Mae on behalf of the borrower, Sentinel Real Estate. Completed in 2022, Rockwell at Crown offers a mix of one-, two- and three-bedroom units, with select layouts featuring dens and built-in desks. Amenities at the property include a resort-style swimming pool with sun shelf and cabanas, fitness center, electric vehicle charging stations, coworking areas and landscaped outdoor spaces.

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Affordable HousingDevelopmentLoansMarylandSeniors HousingSoutheastWalker & Dunlop

Walker & Dunlop Secures $40.5M Construction Financing for Affordable Seniors Development in Metro D.C.

by John Nelson

HYATTSVILLE, MD. — Walker & Dunlop has secured $40.5 million in debt and equity for the construction of The Highlands, an affordable seniors housing development in Hyattsville, about seven miles east of downtown Washington, D.C. The borrower is a partnership between Community Housing Initiative Inc. and First Baptist Church of Highland Park. P.J. McDevitt of Walker & Dunlop originated the debt, which comprised an unfunded forward Freddie Mac TEL that Walker & Dunlop will service. The permanent loan is structured as a 30-month forward commitment with a 15-year term and 40-year amortization schedule. Macy Kisilinsky of Walker & Dunlop arranged the debt placement and equity syndication, a $12.3 million 4 percent LIHTC equity investment with United Bank. Prince George’s County Housing Investment Trust Fund and the Maryland Department of Housing and Community Development will provide additional subordinate financing. Situated on the First Baptist Church of Highland Park campus, The Highlands will feature one- and two-bedroom apartments that will be restricted to tenants age 62 and older. Five units will be reserved for households at 50 percent of the area median income (AMI) while the remaining 132 units will be restricted at 60 percent of AMI. Planned amenities include a dog …

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Annapolis Mall
Leasing ActivityMarylandRetailSoutheast

Seven New Retail Tenants Ink Leases at 1.6 MSF Annapolis Mall in Maryland

by Abby Cox

ANNAPOLIS, MD. — Seven new tenants have signed leases to join Annapolis Mall, a 1.6 million-square-foot super-regional shopping center located in Annapolis, approximately 30 miles east of Washington, D.C. GOAT USA will open this fall, while Swarovski will follow this winter. OFFLINE by Aerie and Dick’s House of Sport will debut in summer 2026, with UNIQLO and Jack & Jones opening in fall 2026. Additionally, Fello will join the lineup in winter 2026. Meanwhile, existing tenant Talbots has expanded its space at Annapolis Mall and will open this winter. The inclusion of these tenants at the center will total roughly 300,000 square feet of retail space. Annapolis Mall features more than 200 retailers and restaurants such as Macy’s, Apple, Crate & Barrel, lululemon, H&M, Michael Kors, Tumi, Urban Outfitters, Free People, Foot Locker, Zara, Maggiano’s and The Cheesecake Factory, as well as a 12-screen AMC Theatres location. Centennial acquired Annapolis Mall in 2024.

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Annapolis-Town-Center
AcquisitionsMarylandRetailTop Stories

Federal Realty Acquires 480,000 SF Retail Center in Annapolis, Maryland for $187M

by Hayden Spiess

ANNAPOLIS, MD. — Federal Realty Investment Trust (NYSE: FRT) has completed the acquisition of the retail center situated within Annapolis Town Center in Anne Arundel County, roughly 30 miles outside Washington, D.C.  Federal Realty, a REIT based in North Bethesda, Md., purchased the property for $187 million. According to local reporting by the Capital Gazette, PGIM Real Estate was the seller. Anchored by Whole Foods Market, Annapolis Town Center totals 480,000 square feet. Other tenants at the property include a Life Time fitness club, Anthropologie, Sephora, RH (formerly Restoration Hardware), True Food Kitchen and Williams Sonoma. Target shadow-anchors the acquired portion of Annapolis Town Center. Greenberg Gibbons Commercial developed the mixed-use Annapolis Town Center property in 2008, with development costs estimated at  $500 million. In addition to the retail component, the development features office space, luxury condominiums and apartments.  The Capital Gazette reports that PGIM acquired the property from Greenberg Gibbons in 2018 for an undisclosed price.  This acquisition marks the continuation of Federal Realty’s growth of its retail portfolio; the firm also acquired Town Center Plaza and Town Center Crossing in Kansas earlier this year.  Federal Realty owns 102 properties that comprise approximately 3,500 tenants across 27 million commercial square feet, as well as approximately …

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DevelopmentIndustrialMarylandSoutheast

CREG, Sagard Underway on 170,000 SF Speculative Industrial Facility in Metro Baltimore

by John Nelson

HAVRE DE GRACE, MD. — Chesapeake Real Estate Group (CREG) and Sagard Real Estate are underway on a new speculative industrial facility located at 1621 Clark Road in Havre de Grace, a Baltimore suburb in Harford County. The co-developers have tapped the CBRE Baltimore office to market and lease the project, which is expected to deliver in March 2026. The facility will offer 36-foot clear heights, a 180-foot truck court, 37 dock-high loading positions, 51 trailer drops, 122 vehicle parking spaces and a 2,500-square-foot speculative office suite.

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