News
THE FIRST, THE LAST, YOUR EVERYTHING
May 29, 2012
| Cresa owes a hat tip to Barry White. It has opened its first locally based tenant rep office in Baltimore, the last top 20 market where the company didn't have digs. And we assume this news is your everything. | |
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| Two years ago, Dan Shapiro, who will head the office, started traveling to Baltimore from Cresa's Bethesda office a few times a week to help EA Engineering, Science, and Technology look for space, closing a deal last May. While there, he helped other Cresa offices' clients with dealings in B'more (especially government contractors in Howard County). | |
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| Dan and his team (former MacKenzie Commercial broker Scott Wingrat and Transwestern/CoStar vet Tony Lavin) are now up to 16 active clients representing 1.4M SF. They're looking for space Downtown for five people to open July 1. Dan, a Maryland native and U of M alum, is also relocating from the DC metro, looking in Harbor East and Fells Point for the easy commute and the live/work/play experience. | |
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| The exterior is done on Merritt Properties' build-to-suit for EA in Hunt Valley, called Schilling Green II (snapped Thursday), and EA will consolidate several Hunt Valley offices into the four-story, LEED Platinum building when it delivers Sept. 1. Cresa also repped RTKL in its South Bond Street renewal earlier this year and has worked with BAE Systems on several B'more-area transactions. | |
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| Merritt's Lou Boeri (with colleague Dan Pallace at the groundbreaking last July) tells us TI work is under way. EA took 65k SF in the 131k building, insurance firm Willis recently signed for 22k, and Nalley Fresh will have a 2,500 SF bistro, expanding from its original Downtown spot in the SunTrust Bank Building. Two more deals (17k and 4,500 SF) should close by next month, bringing Schilling Green II to 91% occupied. |
