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Stanley Black & Decker Takes Top Floor of Downtown Towson Office Bldg.

Chesapeake Real Estate, Cicero Capital Sign First Tenant Since Acquisition, $1 Million Renovation
January 29, 2018
Stanley Black & Decker (NYSE: SWK) has hammered out a deal for the top floor of a five-story, 30,000-square-foot office building located in Towson, MD's central business district.

The Fortune 500 industrial tools and household hardware manufacturer out of New Britain, CT signed a lease for 6,600 square feet at 210 Allegheny Ave., a long vacant property acquired by Chesapeake Real Estate Group and Cicero Capital Partners for slightly more than $1 million in August 2016 and extensively renovated by the new owners.

Stanley Black & Decker will take occupancy of its new space later this quarter. The company is the first to sign on since the $1 million capital improvement program, which included interior and exterior renovations.

Douglas Brinkley of Cushman & Wakefield brokered the deal for Stanley Black & Decker, while Chris Murray of Chesapeake Real Estate Group provided in-house representation on behalf of ownership.
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