BALTIMORE, MD – In May 2012, Cresa opened its Baltimore office, reflecting the national corporate real estate advisory firm’s commitment to that market, where it has negotiated on behalf of tenants for many years but did not have an on-the-ground presence.
Fast-forward to today, Cresa Baltimore, led by Senior Vice President Scott Wingrat, has surpassed expectations and looks to further expand its reach.
Since the office’s opening, Wingrat and his colleagues have executed deals totaling well over 1 million square feet for a wide range of businesses and organizations from local companies to Fortune 500 firms.
Cresa Baltimore’s ongoing pipeline is strong, with its brokers currently representing an array tenants whose collective space requirements reach into the hundreds of thousands of square feet.
As a result of the high demand for its tenant-only advisory services, Cresa Baltimore, located at 509 S. Exeter St., is actively looking to bring on board additional talented professionals, both in the near term and over the long haul.
“The success that we’ve had over the past year-plus is quite encouraging, and I’m confident that this positive momentum will continue on for the remainder of 2013 and well into the future,” Wingrat says. “Cresa is the only tenant representation firm with an office in the bustling Harbor East neighborhood, which is important from a recruiting standpoint, and it also shows our existing and prospective clients that we’re extremely credible in providing them with conflict-free insight.”
Transactions recently completed by Cresa Baltimore include:
Direct Energy US Home Services signed a 14,100-square-foot lease with Merritt Properties at 7484 Candlewood Road. It is relocating from its current office and warehouse space in Hanover, Md.
FLIR Government Systems inked an 80,000-square-foot lease relocation for engineering, manufacturing and warehouse space at 7055 Troy Hill Drive in Elkridge.
G.1440, a division of Constellation Software, leased the former 9,000-square-foot Zynga space in Timonium. Presently, it is located at 2031 Clipper Park Road in Baltimore.
HighPoint Global, an Indianapolis-based government contractor supporting, among others, the Centers for Medicare & Medicaid Services (CMS), occupied 19,488 square feet at 15 and 21 Governors Court in Woodlawn, near the CMS headquarters.
National Government Services leased 27,000 square feet at 1304 Concourse Drive in Linthicum. This space will serve as its new East Coast headquarters.
Universities Space Research Association purchased 7178 Columbia Gateway, a 90,000-square-foot Columbia property that will serve as its new national headquarters and will nearly double the amount of space that the non-profit organization currently occupies at 10211 Wincopin Circle, also in Columbia.
Wood Partners, a national multi-family real estate development firm, consolidated its Baltimore and Vienna offices into a 4,000-square-foot space at 11 N. Washington St. in Rockville.
XO Communications renewed its technical center, as well as opened a new sales office, both at 100 S. Charles St. in Baltimore. The two deals totaled 15,627 square feet.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio/Lease Administration, Capital Markets, Sustainability, Industrial/Supply Chain and Facilities Management. With more than 58 offices, Cresa is North America’s largest tenant representation firm. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. Cresa Washington DC exclusively serves tenants through its offices in Bethesda, the District of Columbia and McLean. For more information, visit www.cresa.com.