Baltimore Skyscraper Secures $180M Loan

H&S Properties Development Corp. secured a $180 million permanent loan for Legg Mason Tower, a 24-story, 612,613-sq.-ft. class-A office building located at 100 International Drive in Baltimore. CBRE arranged the financing for this transaction.

Legg Mason Tower was completed in 2009 and ranks among the top buildings in the Mid-Atlantic region. The building serves as the world headquarters for Legg Mason. The building itself is LEED Silver certified, while Legg Mason’s offices received LEED Gold certification. It is located in the city’s Harbor East submarket, which features a 70-acre master-planned waterfront community including a new 256-room Four Seasons Hotel, a retail component anchored by Whole Foods Market and the largest fitness club in Baltimore.

“This location, combined with the asset’s overall quality and stable, long-term cash flows, created a very competitive process resulting in favorable financing terms for the borrower,” said Joe Donato, of CBRE’s Washington, D.C.-based capital markets team, in a statement.

TAGS: News Office
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