Friday, April 12, 2024 | Baltimore, MD
Baltimore, MD
Rain Shower

Landmark office tower sells at foreclosure auction for $4.1M

July 1, 2022

An iconic 28-story office tower that once helped signal a downtown renaissance in the 1960s was sold back to its lender in foreclosure during an auction Wednesday. The Class A development at 201 N. Charles St. sold to the lone bidder — its lender, a special servicer that was unnamed — during a brief auction held in front of the Clarence M. Mitchell III Courthouse at 11 a.m. The lender likely will move to sell the 303,841-square-foot property on its own, as has been the case for similar auctions of downtown buildings.

Article Source: Baltimore Business Journal

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.