Hamilton Zanze Acquires Luxury Baltimore Apartments
Mission Rock Residential was tapped by the new owner to manage the community.
Real estate firm Hamilton Zanze has acquired the 304-unit Jefferson Square at Washington Hill in Baltimore, Md. The seller was Lowe Enterprises. The property, featuring an address at 101 N. Wolfe St., is being rebranded as The Tala at Washington Hill. Mission Rock Residential was tapped by the new owner to manage the community.
Located in the Butchers Hill neighborhood, The Tala at Washington Hill is less than 2 miles from downtown Baltimore’s center and a seven-minute walk from Johns Hopkins Hospital, a major job hub employing more than 30,000 people.
“The Tala at Washington Hill is a great asset that our team is really excited about,” Sam Applegate of the Hamilton Zanze transactions team told Multi-Housing News.
“Although we already own in the state of Maryland, this represents our first acquisition in Baltimore’s city limits and we’re looking forward to providing a quality renter experience for our residents who call this property home. Our team worked hard with multiple parties to get this deal to the finish line.”
Featuring a five-story, elevator-served mixed-use building of combination construction style, The Tala at Washington Hill was completed in 2014. The property features retail on the first floor, is built on a 3-acre parcel and boasts a 97.4 percent occupancy.
The community offers studio through two-bedroom apartments in 35 different floorplans averaging 850 square feet in size. Units include custom cabinetry, granite countertops, in-unit washers and dryers, wood-style floors and in select homes balconies or patios.
A two-story lobby with a grand staircase is among prominent common-area amenities. Hamilton Zanze plans a number of capital improvements, including amenity, building and site enhancements, an interior renovation program and environmental upgrades. The Tala at Washington Hill is set in the time-honored Butchers Hill enclave, among vintage brick rowhouses and historic churches.
Sprawling Patterson Park borders the neighborhood’s east side, less than eight-tenths of a mile from The Tala, and there are four other parks within 2.3 miles. Nearby recreational venues include the Port Discovery Children’s Museum, National Aquarium, and Maryland Science Center. The Marketplace at Fells Point offers shopping less than a mile away. In addition to Johns Hopkins Medicine, the Peabody Institute and University of Baltimore are five- and six-minute drives respectively.
Last month, Hamilton Zanze sold a garden-style property in San Antonio.