Lease of the year for Baltimore
Completing a move that can make a difference for a community is rarely without challenges.
S.H. Bell Co. faced them in spades but persevered, earning its expansion in Baltimore a 2025 CoStar Impact Award, as judged by real estate professionals familiar with the market.
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About the project: Tradepoint Atlantic, spanning 3,330 acres, was previously known as Sparrows Point, formerly the site of the Bethlehem Steel Sparrows Point Shipyard and steel mill.
What the judges said: "S.H. Bell had a very unique need, taking advantage of rail, deep water access, and large space allowing for operational growth. They took 447,000 square feet which wascertainly a catalyst for economic activity. The purpose-built design in an off-market space was unique," said Lacey Johansson, assistant vice president for leasing at St. John Properties. "This one overcame more bumps in the road on its way to becoming successful; that to me says something positive about the brokers and principals involved. There are a hundred ways for a deal to go wrong (101 if we include major bridge collapses) and one way for it to go right, " said Art Putzel, principal at the real estate firm Trout Daniel & Associates.
They made it happen: Cresa's Scott Wingrat, principal and founding member, and Matt Sacks, senior advisor, represented S.H. Bell.