Newmark Knight Frank today announced the sale of 180 Admiral Cochrane, a five-story, Class-A office building located in Annapolis, Maryland to Grander Capital Partners.
Newmark Knight Frank’s Baltimore Capital Markets team including Executive Managing Director Cris Abramson, Senior Managing Director Brian Kruger, Director Nicholas Signor and Associate Ben McCarty facilitated the sale.
“180 Admiral Cochrane has a long history of outperforming the already tight Annapolis office market,” said Abramson. “Equidistant from both Washington, DC and Baltimore, in its Annapolis location, 180 Admiral Cochrane benefits from strong demographics and tremendous access.”
180 Admiral Cochrane totals 125,728 square feet. At 84 percent leased, the property provides strong in-place cash flow with value-add potential through lease-up. Situated in the Riva Road corridor, the property has direct access to I-97, Route 50, Route 301 and Route 2.
About Newmark Knight Frank
Newmark Knight Frank, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
