Annapolis, MD – July 24, 2024 – Hyatt Commercial is pleased to announce the successful sale of a three-story office building located at 121 Cathedral Street, Annapolis, MD 21401. The +/- 15,000 square foot building in the heart of downtown Annapolis was purchased by a partnership formed by principals of SPIRE Architecture, Dixon Financial Group, and Richardson Financial d.b.a First Command Financial Services, both anchor tenants in the building.
John Gallagher and Eric Pinkett of Hyatt Commercial represented the buyer. The second floor will continue to accommodate other small office users, including Premium Parking Services and the League of Women Voters.
About SPIRE Architecture: SPIRE Architecture is an award-winning architectural firm known for its innovative and captivating designs. Established in Annapolis 12 years ago, the firm delivers exceptional architectural solutions that transform spaces and inspire creativity. SPIRE Architecture specializes in both residential and commercial projects, ensuring each design meets the specific needs and vision of its clients.
About First Command Financial Services: First Command Financial Services provides comprehensive financial planning services to assist clients in achieving their financial goals. With a focus on military families, First Command offers personalized financial coaching, investment strategies, and insurance solutions to ensure financial security and success.
“We are thrilled that after many years of being tenants, our client can now control their real estate and space needs and begin to implement strategies to improve the building,” said John Gallagher of Hyatt Commercial. “Owner-occupied opportunities remain highly sought after within the Annapolis submarket, and we are fortunate to have secured this deal before it went to market.”
Kurt Shepard, Principal Architect at SPIRE Architecture, added, “This acquisition represents a significant milestone for SPIRE Architecture. Owning our building, along with our investment partners, allows us to invest further in our firm’s growth and control how we evolve from a space perspective, so that we can continue to deliver exceptional design solutions to our clients.”
See other recent Hyatt sales here.
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