855 Wolfe Tops 80 Percent Occupancy with Four New Tenants
Posted April 14, 2011
We Recommend...
Four new tenants are joining the John G. Rangos Building at 855 North Wolfe St, a research office property at The Science + Technology Park at Johns Hopkins in Baltimore.
Personal Genome Diagnostics, a cancer diagnostics company focused on personalized medicine; and Inostics, a German diagnostics company focused on improving cancer drug development, are pushing the building's occupancy to more than 80 percent.
In addition, new retail tenants will include Teavolve, a minority-owned café offering gourmet tea and lite fare; and Cuban Revolution, a Cuban fusion eatery slated to open in April 2012.
The four new tenants were introduced as part of the Maryland Economic Development Commission's (MEDC) announcement that it had developed a five-year strategic economic development plan, Charting Maryland's Economic Path: Discovery, Diversity & Opportunity.
As citybiz real estate reported earlier this week, a subsidiary of Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) closed a 10-year, $70 million non-recourse mortgage loan on the building. AXA Equitable Life Insurance Company, through its advisor Quadrant Real Estate Advisors, provided the financing, which carries a fixed interest rate of less than 6.0 percent and replaced the prior $61 million construction loan.
blog comments powered by