PRESS RELEASE: Cushman & Wakefield sells 300 East Pratt Street in Baltimore, MD

BALTIMORE – Cushman & Wakefield of Maryland, Inc. announced today it has arranged the sale of 300 East Pratt Street in downtown Baltimore to Interpark Holdings, the leading private investor of parking assets in the United States. Cushman & Wakefield’s capital markets team of Cristopher Abramson, Brian Kruger, Nicholas Signor and Jonathon Chalkley, along with broker Courtenay Jenkins, coordinated the disposition of 300 East Pratt Street on behalf of the seller, UrbanAmerica Advisors, LLC.

300 East Pratt Street is a nearly one acre plot situated on Pratt Street and bordering the Inner Harbor. The site is currently used as a surface parking lot, and is the last remaining parcel of land on Pratt Street, with the potential for approximately 600,000 square feet of development.

“In my mind, this is one of the best development sites left in Maryland,” said Abramson, Executive Director of capital markets.

The site has been operated as a parking lot since the late 1980s. However, in recent years, the site has been seriously considered for development of various building types, including an office tower or a mixed-use apartment, retail and hotel development.

TAGS: Investment