Corporate Office Properties Trust acquired the Nursery Corner office building in Linthicum, MD, from receivership for $38 million, or approximately $243 per square foot. The Circuit Court of Anne Arundel County appointed CB Richard Ellis as the receiver to market the office property for sale.

The five-story, Class A office building at 1550 W. Nursery Road totals 156,215 square feet. Construction of the fully leased building was completed last month. Opus East LLC, the bankrupt developer, completed approximately 80 percent of the construction and the receiver arranged for a third party to complete the remaining construction. Northrop Grumman, the sole tenant, is expected to occupy the property by the middle of this month.

Robert Cashman, Jonathan Beard, Jeffrey Ackerman and Ryan Sciullo of CB Richard Ellis represented the seller.

Please refer to CoStar COMPS #1817059 for more information on this transaction.