Baltimore, Maryland – We have NNN Commercial Real Estate news on Class A Office Buildings and financing. We researched for NNN Commercial Real Estate funding and found out Commercial Mortgage Brokers have just funded a Non Recourse Loan. This NNN Commercial Real Estate funding is in the amount of $70 million for the Non Recourse Loan. The NNN Commercial Real Estate development that received the Non Recourse Loan is positioned in one of America’s most vibrant Cities, Baltimore. This NNN Commercial Real Estate development is situated at the midpoint of the new eastern seaboard research corridor.
The NNN Commercial Real Estate development is a Class A office building that is approximately 278,123-square-feet. This Maryland NNN Commercial Real Estate development is situated at 855 N Wolfe Street, with the zip code of 21205. This NNN Commercial Real Estate development is known as 855 North Wolfe Street or also called the John G. Rangos Sr. Building. This Commercial Property is the first of five “life – science” buildings which are planned for development in this newer East Baltimore Community. This newly funded Non Recourse Loan pays off a Construction Loan that was owed approximately $60.3 Million. The new Commercial Loan comes with an attractive fixed interest rate that is just under 6%. Many NNN Commercial Real Estate Investors seek the opportunity of a Non Recourse Loan for investment properties.
The NNN Commercial Real Estate development at 855 North Wolfe Street will connect to other university research facilities with an upcoming proposed skybridge across East Madison Street. The architects were Elkus / Manfredi Architects, Ltd. and Gaudreau, Incorporated. The architect firm, Elkus Manfredi Architects, was founded in 1988. This architect firm feels privileged to have formed long-term relationships with many of the nation’s most premier commercial real estate developers, corporations, and institutions. These clients have help to allow Elkus Manfredi Architects the opportunity to shape some of the most important NNN Commercial Real Estate development planning and design projects performed all across the Country.
This NNN Commercial Property development was brilliantly designed to meet the most advanced requirements and sophisticated requirements for a variety of net lease property Tenants. This NNN Commercial Real Estate development is equipped with Base building specifications that include: Floor-to-floor heights of 15’8″ with 44,000 Square foot floor plates with relatively few columns to get in the way. This NNN Commercial Property development also has Interior loading docks with a service elevator to all floors to benefit Tenants with extreme convenience. The NNN Commercial Property development also has the unique ability to accommodate vibration-sensitive equipment.
The Owner of this NNN Commercial Real Estate development is Forest City Enterprises Inc. and they can breath easily with this Non Recourse Loan. The NNN Commercial Real Estate development is situated in The Science and Technology Park at Johns Hopkins University, in Baltimore. The Net Lease Property tenants at this development include the Lieber Institute for Neuroscience Research, Champions Biotechnology, Siemens and the premier Johns Hopkins Brain Sciences Institute and the Translational Research Laboratory. This Commercial Property is nearby more than 350 commercial biotech companies, which are at the forefront of genomic and technological research.
Also just recently announced were new Tenants, including Personal Genome Diagnostics, which is a cancer diagnostics company focused on personalized medicine. Also helping to pay down the new Commercial Mortgage are Tenants, such as Inostics, a German diagnostics company focused on improving cancer drug development. These net lease property Tenants have helped to take this property’s occupancy rate to over 80%. This NNN Commercial Real Estate development will also add new retail tenants in the near future, who are Teavolve, and the Cuban Revolution. The net lease property Tenant, Teavolve, is a café offering gourmet tea and lite fare and the Cuban Revolution (restaurant) happens to be a Cuban fusion eatery. Through research we see that Net Lease Funding is readily available for Baltimore, Maryland and the Washington, D.C. Business district.
Forest City Enterprises, Inc. was the developer of this Science + Technology Park at Johns Hopkins and can move forward on this project after the funding of the Non Recourse Loan. Forest City Enterprises, Inc. is an NYSE-listed. national commercial real estate company. Forest City Enterprises, Inc. was founded in 1920 and based in Cleveland, Ohio. This commercial real estate company currently owns over $11.7 billion in total assets, including NNN Commercial Real Estate. The commercial real estate company are primarily engaged in the ownership, development, management and acquisition of commercial real estate and land throughout the Country.
Also, Forest City Enterprises, Inc. is viewed as an industry leader in mixed-used property developments, adaptive reuse projects, raw land acquisitions and sustainable properties. The commercial real estate company also supports clients by offering investment property management and various commercial real estate services. Forest City Enterprises, Inc. has a very diverse Investment Property portfolio that includes hundreds of prime commercial properties. Forest City Enterprises, Inc. currently is very active in Core Markets that include the New York City metropolitan area, Boston, Greater Washington, D.C., Baltimore, Denver, and also the Windy City, Chicago. The commercial real estate company has numerous NNN Commercial Real Estate Developments in California.
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