Newmark announces that Johns Hopkins Federal Credit Union (JHFCU) will move its operations, IT, marketing and management functions to into 29,000 square feet of office space at 1501 S. Clinton Street (Canton Crossing Tower) in Baltimore, MD.
The financial institution is relocating its administrative offices from 2027 E. Monument Street where it occupies 11,000 square feet. The JHFCU branch will remain at the E. Monument Street location.
“We appreciate Newmark’s hands-on approach to client service and their deep understanding of the local market. They enabled us to secure a better work environment to accommodate our long-term growth,” said Michael Mesta, President & Chief Executive Officer of JHFCU.
Executive Managing Director Michael Singer and Director Clare Berrang of Newmark facilitated the lease on behalf of JHFCU.
“We not only looked at real estate costs but also focused on employee commute patterns and proximity to key stakeholders, specifically the Johns Hopkins institutions that the Credit Union serves, to identify the solution that best met their needs,” said Singer. “The new space at 1501 S. Clinton was originally built for a financial institution so it was already equipped with the infrastructure that JHFCU requires at no additional cost.”
With unobstructued harbor views, Canton Crossing Tower is a 470,000-square-foot, class A office building that is part of the Canton Crossing development. Located two miles from downtown Baltimore, the building has quick access to and from the Inner Harbor and I-95. It is within walking distance to many amenities including restaurants, The Shops at Canton Crossing and Merritt Athletic Club. The building is owned and managed by Corporate Office Properties Trust (COPT) (NYSE: OFC), which was represented in the transaction by Dan Callihan, James Cumber and Karen Robertson of Newmark.
COPT is a publicly traded real estate company that specializes in developing and operating office buildings in locations that support the United States Government and its defense contractors. COPT also owns three class-A office towers totaling 1.4 million square feet in Baltimore’s Inner Harbor, making COPT one of the largest office landlords in Baltimore. For more information, please refer to www.copt.com.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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