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16-Story Office Tower Sale Tops $16M

BALTIMORE-Ownership of the 16-story office tower at 10 E. Baltimore St. changes hands in a recent $16.4-million transaction. A joint venture involving an affiliate of Harbor Group International and an institutional investor take the 168,400-sf property off the hands of ATAPCO.

By Barbra Murray | Updated on September 29, 2004

BALTIMORE-One of Downtown’s towering office buildings, the 16-story structure at 10 E. Baltimore St., has been sold in a recent deal valued at $16.4 million. A joint venture consisting of an affiliate of Harbor Group International LLC and an institutional investor purchased the 168,400-sf building from ATAPCO. According to Maryland tax records, the class B property has a current assessed value of about $10.4 million.

The building was developed 31 years ago in the heart of the city’s central business district. Today it is nearly 97% occupied by a solid list of tenants including the State of Maryland, web hosting solutions provider Alabanza Inc., American Trading and Production Co., and Parsons Engineering.

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