JLL Capital Markets announced that it has closed the sale of 225 North Calvert St., a 347-unit, Class A multihousing community with ground-floor retail in the Inner Harbor District of Baltimore, Maryland.
JLL marketed the property on behalf of the seller, CP Capital US, formerly HQ Capital Real Estate. Broadshore Capital Partners acquired the asset on behalf of an investment client.
225 North Calvert St. comprises one- and two-bedroom units averaging 745 square feet. Units feature chef-inspired kitchens, front-load washer and dryers, balconies and open floor plans with floor-to-ceiling windows. The community offers a rooftop terrace with pool and lounge, game room, multimedia theater, health club, and pet exercise area and grooming stations. All 9,535 square feet of retail space is occupied by DaVita, which will serve as a dialysis center.
The property offers residents seamless access to major highways (Interstates 83, 395 and 95 via S Calvert Street), public transportation and the Baltimore Metro Area’s CBD. 225 North Calvert is adjacent to Mercy Hospital, which employs over 2,100 people. CBD and Inner Harbor Serves as Baltimore’s business hub and provides residents and workers alike with some of the city’s finest dining and retail options. CBD and Inner Harbor is also home to the National Aquarium and both Oriole Park at Camden Yards and the Ravens’ M&T Bank Stadium.
The JLL Capital Markets Investment Sales Advisory team representing the seller was led by Senior Managing Directors Walter Coker and Brian Crivella and Directors Robert Jenkins and Bill Gribbin.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.