Commercial Real Estate

Wells Fargo Tower in downtown Baltimore sold to California investment firm for nearly $37 million

Wells Fargo Tower in downtown Baltimore sold to California investment firm for nearly $37 million

The Wells Fargo Tower in downtown Baltimore was sold to Hertz Investment Group for $36.75 million, Hertz announced Wednesday.

The acquisition of the 24-story, 378,010-square-foot office building at St. Paul and E. Baltimore streets was the first in Baltimore for Hertz Investment, a California-based real estate investment firm that has doubled its portfolio in the last five years and now owns 64 properties in 18 states.

The building is 67 percent leased to tenants including Wells Fargo Bank and law firms Whiteford Taylor & Preston, Anderson Coe King and Wright Constable & Skeen. Constructed in 1985, it recently underwent several lobby renovations and the replacement...

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