{"id":16207,"date":"2018-04-13T12:24:50","date_gmt":"2018-04-13T12:24:50","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=16207"},"modified":"2026-04-07T14:42:31","modified_gmt":"2026-04-07T11:42:31","slug":"downtown-baltimore-office-tower-gets-new-owner","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/downtown-baltimore-office-tower-gets-new-owner\/","title":{"rendered":"Downtown Baltimore Office Tower Gets New Owner"},"content":{"rendered":"

 <\/p>\n

Wells Fargo Tower, an iconic commercial high-rise in the central business district of Baltimore, Md.<\/a>, has found a new owner in Hertz Investment Group.<\/p>\n

\"\"

7 St. Paul Street, Baltimore (Yardi Matrix)<\/p><\/div>\n

To finance the acquisition, the real estate investment company was aided by a $29.25 million loan from Natixis, a French financial services provider. The funding was used to buy the 24-story skyscraper, to capitalize tenant improvements and to pay the commissions associated with the property\u2019s lease-up.<\/p>\n

According to Yardi Matrix<\/em><\/a> data, the property was foreclosed in July 2017 and sold for $15 million in an auction to CWCapital Asset Management. Hertz Investment Group acquired the building in a roughly $37 million transaction, The Baltimore Sun<\/em><\/a> reveals.<\/p>\n

The 377,684-square-foot high-rise includes 10,808 square feet of retail space, as well as a four-level parking structure with 209 parking spots. The largest tenant on site is Wells Fargo Bank, which occupies 80,753 square feet\u2014close to a quarter of the rentable square footage.<\/p>\n

Located at 7 St. Paul St., the Class A tower was completed in 1985. Considered an example of modern architecture, the office building is known for a large clock placed just above street level that features a fa\u00e7ade made of glass, steel, and concrete. The transit-oriented property provides easy access to two public transportation stations and is adjacent to Fayette Street to the north and Baltimore Street to the south. The downtown Baltimore<\/a> tower bore many names throughout its lifetime, including the First Union Signet Tower,\u00a0the Wachovia Tower, and\u00a0the Union Trust Building.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Wells Fargo Tower, an iconic commercial high-rise in the central business district of Baltimore, Md., has found a new owner in Hertz Investment Group. To finance the acquisition, the real estate investment company was aided by a $29.25 million loan from Natixis, a French financial services provider. The funding was used to buy the…<\/p>\n","protected":false},"author":60,"featured_media":16211,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37,38,39],"tags":[],"class_list":["post-16207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-deals","category-office","wpautop"],"acf":[],"yoast_head":"\nDowntown Baltimore Office Tower Gets New Owner - CommercialCafe<\/title>\n<meta name=\"description\" content=\"A prominent Baltimore office tower has sold, adding to the momentum in a downtown market seeing renewed investor interest and repositioning activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/downtown-baltimore-office-tower-gets-new-owner\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Downtown Baltimore Office Tower Gets New Owner\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo Tower, an iconic commercial high-rise in the central business district of Baltimore, Md., has found a new owner in Hertz Investment Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/downtown-baltimore-office-tower-gets-new-owner\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-13T12:24:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T11:42:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/shutterstock_723391945_resized-compressor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Teodora Demian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Teodora Demian\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/downtown-baltimore-office-tower-gets-new-owner\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/downtown-baltimore-office-tower-gets-new-owner\/\",\"name\":\"Downtown Baltimore Office Tower Gets New Owner - 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