Business

Jul. 15, 2014 9:00 am

Caves Valley Partners wants $42M for Fed Hill home of Betamore, ZeroFOX

Betamore will host a class on market research this week.

(Photo courtesy of Betamore)

Full disclosure: Technical.ly Baltimore has a partnership with Betamore cofounder Mike Brenner, and works occasionally from the Federal Hill incubator.

A Towson developer is putting the Federal Hill home of two startups and an incubator on the market.

Caves Valley Partners is seeking $42 million for 1111 Light St., Baltimore Business Journal reports. The mixed-use property is home to Red Owl Analytics, ZeroFOX and Betamore, along with 93 apartments, 6,000 square feet of retail space and a parking garage.

Located across the street from Cross Street Market in the heart of Federal Hill, Cushman & Wakefield broker Jorge Rosa said the building will be attractive to a variety of investors because the location “is as good as you get in Baltimore.”

“The asset quality is top-notch, being recently built and highly amenitized,” Rosa said. “The mixed-use is going to be really attractive. The Class A nature appeals to institutions and the deal size appeals to private capital.”

The building opened in 2012. Visit the listing page on Cushman & Wakefield’s website.

Read more in the Baltimore Business Journal.

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