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Travelers Insurance Leases 65,214 SF Office Space In Hunt Valley, MD

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LEASED
$24

Maryland

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Office82,300 SF
Leased 01/16/2024
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LEASED

Travelers Insurance Leases 65,214 SF Office Space In Hunt Valley, MD

10 N Park Dr

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Office82,300 SF
Leased 01/16/2024
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Summary

MARYLAND
Asset Type:Office
Price Per Square Foot:$24
Total Square Footage:82,300 SF
Transaction Type:Lease

Travelers Insurance is relocating and downsizing its Hunt Valley, Md., office, securing a 65,214-square-foot lease in the North Park Business Community. This move brings them closer to the four-story, 82,300-square-foot office building located at 10 North Park Drive. The property, situated in the Hunt Valley market, is owned by North Park Ventures.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Asking Rent: $24.5/ft
  • Square Footage: 82,300
  • Address: 10 N Park Dr
  • Market: Hunt Valley, MD

Joe Bradley from MacKenzie Commercial Real Estate Services represented the landlord, North Park Ventures, in this lease transaction. On the other hand, Charlie Fenwick and Doug Brinkley from Cushman & Wakefield served as the tenant's representatives for Travelers Insurance.

Players

Joe Bradley
1 deal(410) 494-4892
BROKER



LANDLORD

Details

LEASED
IMAGE: Joe Bradley, Charlie Fenwick & Doug Brinkley DATE: 01/16/2024 ADDRESS: 10 N Park Dr MARKET: Hunt Valley, MD ASSET TYPE: Office LANDLORD: North Park Ventures TENANT: Travelers Insurance LANDLORD'S REP: Joe Bradley - MacKenzie Commercial Real Estate Services TENANT'S REP: Charlie Fenwick & Doug Brinkley - Cushman & Wakefield ASKING RENT: $24.5/ft ~ SF: 82,300 NOTE: Travelers Insurance is relocating and downsizing its Hunt Valley, Md., office, securing a 65,214-square-foot lease in the North Park Business Community, a move that brings it closer to the four-story, 82,300-square-foot 10 North Park Drive.

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Deal Type
Effective Rent (Annual)

$2,311,519.30

Total Lease Value

$23,115,193.05

Net Landlord Cash Flow$2,311,519.30