Crofton, MD – July 31, 2024 – Hyatt Commercial proudly announces the sale of the Crofton Crossing professional office building at 2200 Defense Hwy, Crofton, MD 21114. The property, spanning 65,780 square feet and 83% occupied, sold for $9,000,000 (+/-$143 per square foot).
Key Details:
Seller: GAMC, Limited Company, LLC and West Interbay I, Inc.
Seller Representatives: Cecil Cummins and Eric Pinkett of Hyatt Commercial
Buyer: APG INVESTMENTS LLC, a local firm
Buyer Representative: Matthew Antonis of Friend Commercial Real Estate
Buyer Plans: Occupy approximately 3,100 square feet for their business
Joel Cantor, representing the seller, praised Hyatt Commercial, stating, “Tasked with selling office space in the current CRE market, Hyatt Commercial rose to the occasion and exceeded expectations.”
The success of this transaction in a challenging office environment is attributed to several key factors. Crofton Crossing is a “best-in-class” office building with well-maintained common areas, a diverse rent roll, and historically resilient tenants. Located in the heart of Crofton, MD, within the Washington-Baltimore-Annapolis golden triangle, the building offers significant advantages, including major thoroughfares, a safe and friendly environment, ample amenities, a strong sense of community, and diverse educational options.
This transaction highlights the continued demand for well-located, high-quality office space in Anne Arundel County.