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COPT Buys Baltimore Office for $64M

BALTIMORE—The CBD property last traded in 2004 for $51.8 million.

By Erika Morphy | Updated on March 23, 2015

BALTIMORE—Corporate Office Properties Trust has acquired 250 West Pratt St., for $63.5 million, from TIER REIT. The seller was represented by Cushman & Wakefield’s Cristopher Abramson, Brian Kruger, Nicholas Signor, Courtenay Jenkins, Whitney Nye and Tim Jackson.

250 West Pratt Street is a 368,190-square foot, 24-story office building overlooking Oriole Park at Camden Yards. It is 95% leased to a range of tenants including the new North American headquarters of Pandora Jewelry and the University of Maryland Medical System.

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