Brown’s Wharf, the historic retail and office project along the waterfront in Fells Point, has been sold to Continental Realty Corp. for $21 million.
Baltimore-based Continental Realty, which bought the 104,000-square-foot project on Thames Street from Hunt Investment Management, plans to invest an additional $2 million to upgrade common areas and building systems and increase street presence.
“We consider Brown’s Wharf a one-of-a-kind irreplaceable property in Baltimore City given its placement along the waterfront and central location within an area that has been the recipient of a dramatic shift of energy over the past several years,” said Ari Abramson, vice president of acquisitions for Continental, in an announcement Monday.
Continental has formed a joint venture with Baltimore-based WorkShop Development, which will oversee day-to-day operations and re-development plans.
Click here to read the rest of the story written by Lorraine Mirabella over at the Baltimore Sun