Authored by: Kevin Litten, Baltimore Business Journal
A Towson developer is putting the Federal Hill home of two startups and an incubator on the market. Caves Valley Partners is seeking $42 million for 1111 Light St., Baltimore Business Journal reports. The mixed-use property is home to Red Owl Analytics, ZeroFOX and Betamore, along with 93 apartments, 6,000 square feet of retail space and a parking garage.
Located across the street from Cross Street Market in the heart of Federal Hill, Cushman & Wakefield broker Jorge Rosa said the building will be attractive to a variety of investors because the location “is as good as you get in Baltimore.” “The asset quality is top-notch, being recently built and highly amenitized,” Rosa said. “The mixed-use is going to be really attractive. The Class A nature appeals to institutions and the deal size appeals to private capital.”