Baltimore Inner Harbor
VIRGINIA BEACH, VA—Armada Hoffler Properties has entered into an agreement to acquire the Thames Street Wharf office building, located in the Harbor Point development for $101 million.
The property's anchor tenants are Morgan Stanley and Johns Hopkins Medicine, which together lease 92% of the property's 263,426 rentable square feet. The building is currently 100% occupied with an average remaining lease term of 7.4 years and in-place triple net rent levels amongst the highest in the Baltimore market, according to the REIT.
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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.
