Roughly Speaking: Police and protests, Monday's debate, and 'Drunk History'
Topics

Property

Under Armour buys Port Covington land for $70.3 million

Under Armour buys Port Covington land for $70.3 million

Under Armour has purchased the land in Port Covington where it plans to build its new headquarters for $70.3 million — more than twice what CEO Kevin Plank's private real estate firm paid in 2014, according to land records.

The roughly 50-acre waterfront site includes a Wal-Mart that closed this year and a former Sam's Club that recently reopened as Under Armour offices. It also includes more than 8 acres of submerged area.

The sale is the first deal since Plank's firm, Sagamore Development, won city backing for a plan to transform the roughly 260-acre peninsula with new offices, homes, parks and shopping. Sagamore, which amassed about 160 acres there over several years,...

59°