Baltimore's WTC Is Declared Surplus Property

BALTIMORE-The World Trade Center, a 380,800-sf office property at the city’s Inner Harbor, has been tagged for disposition now that the State of Maryland Board of Public Works has declared the 28-story structure surplus state property. As per records from the board’s meeting on April 27, the Department of Transportation will be charged with the task of overseeing the sale of the building.

The site has a current assessed value of $47.7 million. According to the aforementioned records, the property’s market value is estimated to be between $30 million and $45 million. The tenant roster–which includes the Baltimore Council on Foreign Affairs, and customs brokerage and international freight forwarding company Samuel Shapiro & Co.–is also likely to be a contributing factor in the ultimate sale price.