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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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

security square mall

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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

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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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

commercial property

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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

landmark property

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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

ariel view baltimore

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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

baltimore lobby

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 […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net

property building

Blue Ocean Realty is making waves in Baltimore

When news broke last week that the first large downtown office building had sold at market price since the recession struck, lots of people wondered who the buyer was. Blue Ocean Realty LLC is the new owner of the 28-story office tower at 201 N. Charles St. Blue Ocean was neither an institutional investor nor particularly well known in the downtown office market. But as the company gets involved in more transactions, it’s possible it could become a bigger player […]

Press Contact
Erika Orlaskey | Director of Marketing and Performance
Blue Ocean Realty
443-341-9812 | Direct Office
eorlaskey@blueoceanrealty.net