Capital Markets Team Arranges Loan from an International Bank
WASHINGTON, DC, April 18, 2018 – Cushman & Wakefield announced today that it has secured a loan for One East Pratt Street, a 355,000-square-foot office building located in Downtown Baltimore.
Cushman & Wakefield Executive Managing Director John Campanella represented the borrower, an affiliate of Banyan Street Capital, in arranging a five-year, floating-rate loan through an international bank. Banyan Street Capital plans renovations to the building including a state-of-the-art fitness center, tenant lounge and an innovative conference center.
“One East Pratt Street is a Class A asset in one of the strongest submarkets in Baltimore,” Campanella said. “When you combine an asset of that quality with strong credit tenants and a best-in-class owner/operator, the result is a very competitive lending environment.”
One East Pratt Street is a Class-A, 10-story office building located in the heart of Baltimore’s Central Business District. Built in 1977, the building features floor-to-ceiling glass windows, panoramic views of the Inner Harbor and on-site parking. Amenities include Kona Grill, Sullivan’s Steakhouse, Filicori Café and a PNC Bank branch. PNC Bank’s local headquarters is also located in the building.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.