Cross Street Partners has acquired a 27,000 sq. ft., nearly 150-year-old warehouse at 1103 N. Washington St. in East Baltimore City. The Becker Bros. of Baltimore, a leaf tobacco firm, constructed the warehouse around 1875. The property was the longtime home of Gieske & Niemann which used the warehouse for its East Coast tobacco distribution center before converting a portion of the building into cigar manufacturing facility in 1914.
Jim Chivers of Gold and Company, a local commercial real estate company, assisted in the transaction of 1103 N. Washington St. The property was listed at $1.125 million. The Sellers used the industrial loft building for their furniture restoration company for several years.
Cross Street Partners specializes in adaptive reuse of historic properties, brownfield remediation, sustainable design and building practices, and transit-oriented development.
1103 N. Washington St. is just a few blocks north of The Johns Hopkins Hospital and a block from the Hoen& Co. Lithograph Building, which was recently redeveloped by Cross Street Partners. Hoen& Co. was one of the most prolific lithograph printing companies in the world, occupying the building from 1902 to 1981. The nearly $30-million project is almost fully leased a block away from 1103 N. Washington ST.
“We are very excited to have Cross Street Partners as the new owners with their outstanding track record with the reuse and historical building renovations in Baltimore City,” said Chivers.
Gold and Company provides commercial real estate brokerage and development services to buyers, sellers, landlords, and tenants in the Baltimore-metropolitan area.
