A investment research and newsletter company plans to relocate from downtown to Mount Vernon after purchasing a small building on E. Read Street for $1.4 million, Greenspring Realty Partners announced Tuesday.
Angel Publishing acquired the 17,000-square-foot, four-story brick building from Paul Wolman, former owner of P.W. Feats, which previously occupied the property at at 3-5 E. Read St.
Angel Publishing, which currently occupies in rented office space in the Candler Building at 111 Market Place, plans to move its operations and 40-plus employees by this spring. Founded in 2003, the company offers investment research though such titles as Wealth Daily, Green Chip Stocks, Penny Stock Millionaire, and Energy and Capital.
“After conducting an extensive property search throughout Baltimore City and County, we chose to remain downtown because we believe a strong central city core provides the key tenet for an economically-vital region, and we wish to do our part to support the city,” Angel Publishing CEO Jason Freiert said in a statement.
Angel Publishing was represented by Jon Manekin, director of Greenspring Realty Partners. Wolman was represented by Pinkard Properties.
“We continue to grow and intend to add employees,” Freiert said, “and 3-5 Read Street can adequately support our expansion plans.”