Meridian Capital Group's Jacob Katz and Matthew Texler orchestrated the transaction on behalf of borrower David S. Brown Enterprises, which developed the five-story building in 2002. A Meridian Capital spokesperson tells GlobeSt.com that the purpose of the new mortgage was to allow the borrower to refinance the original construction loan on the property and to lock in an agreeable 5.9% interest rate for a 20-year term. The funds are being provided by a New York-based lender.

Located off Interstate 795 in suburban Baltimore, 800 Red Brook sits on a nearly six-acre parcel of land within the gated 30-acre corporate office park. The building is home to the likes of financial services firm Euler Hermes ACI, which preleased much of the building for its corporate headquarters, and Prudential Insurance, which committed to 36,000 sf early on.