In The News

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]