In The News

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Blue Ocean’s 201 N. Charles Street Recertified as Downtown Baltimore’s Only LEED-EB Gold Certified Office Tower

BALTIMORE, MD (June 30, 2015) — Blue Ocean Realty has earned the distinction of earning a re-certification for Baltimore’s only LEED-EB Gold certified office tower in the central business district. Located just blocks from City Hall and the Inner Harbor, 201 North Charles Street is a 28-story Class-A office building with 264,126 square feet of space.  201 North Charles Street was built in 1967 and is currently the 13th-tallest building in the city. LEED-EB certification recognizes that 201 N. Charles […]

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Blue Ocean Realty buys massive industrial building in Halethorpe

Blue Ocean Realty continues to gobble up properties in the Baltimore area, this time buying a 680,000-square-foot industrial building in Halethorpe. The Baltimore firm paid an undisclosed sum for the building at 1954 Halethorpe Farms Road. The seller was Halethorpe Business Trust. The building, that once manufactured aluminum parts for U.S. military aircraft, is fully occupied by seven tenants. More than half the building is leased by Alcoa, the aluminum manufacturing giant. The seller was represented by Michael Spedden and […]

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Blue Ocean Continues Expansion of their Fee Managed Multi-family Portfolio

BALTIMORE, MD — Blue Ocean is pleased to announce 2 additional communities to its growing Fee Managed portfolio. Local owners have taken notice of Blue Ocean and have enlisted their Professionalism to Manage 2 new communities. The Greens at Forest Park and West winds in Frederick Maryland. The addition will add approximately 350 units to Blue Ocean’s existing Multi-family portfolio. “Blue Ocean is accomplishing two things with this deal. 1. We are expanding our Fee Managed portfolio while allowing outside […]

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Blue Ocean signs Price Busters to 30K-square-foot lease at Security Square Mall

Blue Ocean has signed Pricebusters Furniture to a 30,000-square-foot lease at Security Square Mall. The company said in a statement that the lease marks the first major step in renovating the 180,000-square-foot shopping center it purchased more than a year ago. The building was a former free-standing JC Penney store but was turned into a Korean-themed shopping center in 2002. Blue Ocean said it has a five-year plan to rehab the shopping center, which will include overhauling the exterior and […]

Blue Ocean Acquires 720-unit Pikesville Property

Blue Ocean has acquired Millbrook Park Apartments in Pikesville, a 720-unit property that significantly expands the company’s multifamily portfolio. Blue Ocean has been on something of an acquisition tear in recent months, snapping up the 28-story downtown office tower at 201 N. Charles St. for $19.7 million; buying Seoul Plaza at Security Square Mall and 8211 Town Center Drive in White Marsh for a combined $6.3 million; and purchasing the 105,000-square-foot former Ray’s Envelope Corp. warehouse in Baltimore County. All […]


Blue Ocean, Berg Realty and EML Partners enter into Joint Venture

Blue Ocean, Berg Realty and EML Partners enter into Joint Venture to Acquire Former Techalloy Manufacturing Facility Blue Ocean is proud to announce the purchase of 2310 Chesapeake Ave, an 8 acre industrial site improved by a 75,000 SF warehouse. The 75k SF facility was formerly the home of Techalloy, a manufacturer of welding related products. Blue Ocean joint ventured with Berg Realty Partners and EML Partners in the purchase of the asset. In 2013 Techalloy, the manufacturer occupying the […]

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Mariner Finance leases 8211 Town Center Drive

Mariner Finance LLC has inked a deal to lease nearly 35,000 square feet in the former Williams Scotsman building in White Marsh. The consumer-loan company is a former subsidiary of First Mariner Bancorp that was sold to private equity firm Milestone Partners in 2009, then sold again to an investment group in June. Mariner Finance was leasing about 15,000 square feet of space on Clinton Street in Baltimore near the First Mariner tower, said MacKenzie Commercial Real Estate Services LLC […]

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Blue Ocean Acquires Three Baltimore Landmark Properties

BALTIMORE, MD (August 2013) — Blue Ocean reported today that the company has, over the past week, through several affiliated entities, purchased three commercial properties in the Baltimore metropolitan area. All three of the deals were negotiated separately, at different junctures over the past six months, with different brokers and sellers. It was only by chance that they all came together to close at the same time as they did. The properties, which were cumulatively purchased for over $26,000,000.00, consist of […]

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Blue Ocean Realty Buys Downtown Baltimore’s Only LEED Gold EB Certified Office Tower

Baltimore’s 201 North Charles Street has a new owner. Blue Ocean Realty, a local company, paid $19.7 million or about $75 per square foot for the property. Jonathan M. Carpenter and James S. Wellschlager of Cassidy Turley’s Capital Markets Group represented the seller, Lexington Charles Limited Partnership. The deal is the first significant investment sale in downtown Baltimore since 2007. Baltimore’s 201 North Charles Street has a new owner. Blue Ocean Realty, a local company, paid $19.7 million or about […]

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Blue Ocean Realty goes on $26M shopping spree spanning downtown to Baltimore County

Blue Ocean Realty LLC, the real estate firm that acquired the 201 N. Charles St. office tower last week, has also purchased a retail property and an office building in Baltimore County. The properties are: Seoul Plaza at 6901 Security Boulevard in Windsor Mill, a 180,000-square-foot building that was formerly a free-standing JCPenney department store. The building is located at the southern entrance of Security Square Mall. 8211 Town Center Drive, a 70,000-square-foot former Williams Scotsman Inc.-owned office building in […]