6100 Wabash Ave.BALTIMORE–CoreCivic, a REIT better known for its portfolio of correctional facilities, has acquired a 540,566-square foot Social Security Administration office building here for $242 million, excluding transaction costs and certain closing credits.
Located at 6100 Wabash Ave., SSA–Baltimore was purpose built to SSA specifications in 2014 under a 20-year firm term lease that expires in January 2034.
SSA–Baltimore, which serves approximately 2,000 SSA employees, is located less than five miles from SSA's federally owned headquarters in Woodlawn, and is the newest of several other properties occupied by the SSA in Baltimore. JLL's John Duffy, Marc Rampulla and Brian Saal represented the seller in the deal.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
