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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

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