Landmark downtown tower with state lease sells for $23M

A Downtown Baltimore tower with a large state office lease has sold for $23 million, about two-thirds of what it sold for five years ago. Baltimore Tower Properties LLC, an entity of Indianapolis-based KennMar, recently purchased the 24-story building at 7 St. Paul St., according to state records. The seller was California-based Hertz Investment Group, which bought the building at St. Paul and Fayette streets in 2018 for $35 million.