BALTI BALTI MORE MORE WE KNOW WE KNOW BALTIMORE BALTIMORE WE - - PDF document

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BALTI BALTI MORE MORE WE KNOW WE KNOW BALTIMORE BALTIMORE WE - - PDF document

Jul 05, 2023 188 likes •364 views

THIS IS THIS IS BALTI BALTI MORE MORE WE KNOW WE KNOW BALTIMORE BALTIMORE WE KNOW WE KNOW DELOITTE DELOITTE 540,000 SF 540,000 SF of Deloitte transactions in the region E 1.9 Million SF 1.9 Million SF of transactions in the

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SLIDE 1

BALTI BALTI MORE MORE

THIS IS THIS IS

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SLIDE 2

BALTIMORE BALTIMORE WE KNOW WE KNOW DELOITTE DELOITTE WE KNOW WE KNOW

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SLIDE 3

E

540,000 SF 540,000 SF

  • f Deloitte transactions in the region

1.9 Million SF 1.9 Million SF

  • f transactions in the region in 2013

Single Single

point of contact since 2008

Based Based

in the Baltimore-Washington marketplace

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SLIDE 4 OFFICE TRENDS 10-YEAR TREND FIRST QUARTER 2014 VACANCY

13.1%

Vacancy rate up ABSORPTION

(487,000) SF

Move-outs hamper gains RENTAL RATE

$20.27 PSF

Slight increase OFFICE NET ABSORPTION AND VACANCY SOURCE CoStar, Transwestern; March 2014. 4% 6% 8% 10% 12% 14% 16%
  • 0.8
  • 0.6
  • 0.4
  • 0.2
0.0 0.2 0.4 0.6 05 06 07 08 09 10 11 12 13 14* NET ABSORPTION IN MILLIONS DIRECT VACANCY RATE *At fi rst quarter 2014

BALTIMORE MARKET INFORMATION

Q1 2014
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SLIDE 5 MARKET RENTS CLIENT LOCATION DRIVE TIMES TALENT LOCAL STAKEHOLDER INPUT MARKET INTELLIGENCE COMPETITOR LOCATION LANDLORD MEETINGS EMINENCE LEASE REVIEW SPACE USAGE RECOMMENDATIONS SITE SELECTION SCORECARD QUALITATIVE & QUANTITATIVE ANALYSIS REFINED LOCATION OPPORTUNITIES PRELIMINARY LOCATION OPPORTUNITIES BASE CASE SCENARIO (DOWNSIZE & RENEW) LANDLORD EXPECTATIONS PROJECT INITIATION/DATA COLLECTION

APPROACH & METHODOLOGY OF TRANSACTION

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SLIDE 6

100 S. CHARLES STREET

Cornerstone purchased in “debt” portfolio in 2011 17TH FLOOR – 8,130 SF AVAILABLE ELLIN & TUCKER (MOVING 10/1/14) 19,180 SF (DIVISIBLE) AVAILABLE DELOITTE Ellin&Tucker vacating 10.1.2014 Infrastructure renovations
  • ngoing
Vintage 1980 Solid B+ Building Excellent location, 2 blocks from waterfront Considerable turnover in fi rst fl
  • or
retail tenancy Nondescript curb appeal Retail component shared with Tower II Historically very low vacancy
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SLIDE 7 PROPOSED EXPANSION AREA 1,800 SF 10,883 SF COMBINED Exterior Entrance PROPOSED RESTAURANT (NEW CONSTRUCTION)
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SLIDE 8 1 E. Pratt St. 100 E. Pratt St. 500 E. Pratt St. CBD OPTIONS 111 S. CALVERT ST. Strengths:
  • Location/Image
  • Amenity base
  • Hotel attached
Challenges:
  • Floor plate design
401 E. PRATT ST. Strengths:
  • On Waterfront
  • Views
  • Proximity to Amenities
Challenges:
  • No on-site parking
  • Pentagon shape
  • State tenancy
1 2 1 2 4 5 6 7 8 400 E. Pratt St. 100 S. Charles St.

RELOCATION ALTERNATIVES

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SLIDE 9 12 100 International Drive 621 E. Pratt St. SOUTH EAST OPTIONS 650 S EXETER ST. Strengths:
  • Live/Work/Play
  • Effi
cient Floor plate Challenges:
  • Emerging Location
  • Ingress/egress
1001 FLEET ST. Strengths:
  • Live/Work/Play
  • 1 block to waterfront
Challenges:
  • Emerging Location
  • Ineffi
cient fl
  • or plate
100 INTERNATIONAL DR. Strengths:
  • Premiere Offi
ce Tower
  • Views
Challenges:
  • Cost
  • Floor plate jogs
1300 THAMES ST. Strengths:
  • Newest construction
  • Full height glass
Challenges:
  • Pioneering location
  • 1st fl
  • or availability
111 MARKET PL. Strengths:
  • Location
  • Views
Challenges:
  • Class B+
  • Floor plate size
100 LIGHT ST. Strengths:
  • Completely renovated
  • Location/views
Challenges:
  • Curb appeal
  • Limited building amenities
1 SOUTH ST. Strengths:
  • Iconic Market Image
  • Value rental
Challenges:
  • Punch Windows
  • Neighborhood
500 E. PRATT ST. Strengths:
  • Location
  • Penthouse Opportunity
Challenges:
  • Local Competitor
  • Retail component
7 ST. PAUL ST. Strengths:
  • Atop Metro stop
  • Market Image
Challenges:
  • Distance from waterfront
  • Floor-plate design
323-351 W. CAMDEN ST. Strengths:
  • Signage Opportunity
  • Signature Identity
Challenges:
  • Location
  • Window-line
3 4 5 6 7 9 10 11 12 10 9 11 3 8
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SLIDE 10

CBD OPTIONS

1 2 3 4 111 S. CALVERT ST. Stories: 28 Total Building: 544,453 SF Available: 15th Floor: 8,639 SF 23rd Floor: 8,293 Parking: 0.67/1,000 SF LL Rep: Cushman & Wakefi eld 401 E. PRATT ST. Stories: 30 Total Building: 296,139 SF Available: 4th Floor: 5,000 – 11,300 SF 8th Floor: 5,000 – 11,300 SF 18th Floor: 5,000 – 11,300 SF 23rd Floor: 8,140 SF 28th Floor: 11,300 SF Parking: No on-site LL Rep: MD Port Authority 111 MARKET PL. Stories: 12 Total Building: 559,996 SF Available: 10th Floor: 13,000 SF Parking: 20 free Surface Spaces are available LL Rep: JLL 100 LIGHT ST. Stories: 35 Total Building: 686,947 SF Available: 25th Floor: 4,000 – 15,614 SF 26th Floor: 4,000 – 15,614 SF Parking: 0.50/1,000 SF LL Rep: JLL 1 2 3 4
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SLIDE 11 5 6 7 1 SOUTH ST. Stories: 30 Total Building: 478,968 SF Available: 12th Floor: 3,000 – 20,917 SF 18th Floor: 11,905 SF Parking: 1/1,000 SF LL Rep: JLL 500 E. PRATT ST. Stories: 13 Total Building: 279,716 SF Available: E PENT: 10,605 SF Parking: 3.20/1,000 SF LL Rep: Cushman & Wakefi eld 7 ST. PAUL ST. Stories: 24 Total Building: 377,181 SF Available: 7th Floor: 2,000 – 20,237 SF 8th Floor: 2,000 – 13,127 SF 12th Floor: 9,859 SF 15th Floor: 19,656 SF Parking: 209 Covered Spaces are available LL Rep: Cassidy Turley 5 6 7
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SLIDE 12

SOUTH EAST OPTIONS

650 S EXETER ST. Stories: 12 Total Building: 243,540 SF Available: 10th Floor: 10,290 SF Parking: 3/1,000 SF LL Rep: Cassidy Turley 1001 FLEET ST. Stories: 9 Total Building: 213,000 SF Available: 7th Floor: 9,500 – 28,735 SF Parking: 1/1,000 SF LL Rep: Cassidy Turley 100 INTERNATIONAL DR. Stories: 24 Total Building: 623,000 SF Available: 15th Floor: 26,842 SF 16th Floor: 27,594 SF 17th Floor: 11,500 – 26,129 SF 18th Floor: 11,500 – 24,665 SF 21st Floor: 8,090 SF 24th Floor: 11,587 SF Parking: 1/1,000 SF LL Rep: Cassidy Turley 1300 THAMES ST. Stories: 7 Total Building: 260,000 SF Available: 1st Floor: 34,111 SF Parking: 3/1,000 SF LL Rep: CBRE 9 10 11 12 9 10 12 11
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SLIDE 13

“WILD CARD” OPTION - THE WAREHOUSE

  • Owned by Maryland Stadium Authority
  • 10,000 SF available
  • Limited glass line but loaded with personality
  • 1st building off I-95 exit
  • “Signage opportunity”
  • Average of 30,000 spectators per game
8
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SLIDE 14

TRANSWESTERN & DELOITTE

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SLIDE 15

A TRUE SERVICE PARTNERSHIP

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SLIDE 16 Presented To: JOHN CONNOLLY JOVI MCANDREW TOM GENTNER Senior Vice President Senior Vice President 301.896.9122 443.285.7671 jovi.mcandrew@transwestern.com tom.gentner@transwestern.com Presented By: