Real Estate

Hanover Brewers Hill Apartments in Canton Purchased

A 490,000 sq. ft. apartment complex with two buildings in Baltimore’s popular Canton neighborhood has been purchased. The Hanover Brewer’s Hill Apartments were purchased by an investment fund controlled by CBRE Global Investors. The project was completed in 2013 and sits on 6 acres of prime space right near Brewer’s Hill, a huge development under way by Obrecht Commercial Real Estate Company.


Houston-based National Properties LTD. divested the property. They purchased the site consisting of several former breweries in 2011 for $2 million. The sale price was not released, although the property with its apartment complex is currently valued at $57.8 million per state records. The project has 440 completed luxury apartments occupied at a 92% occupancy rate and average rents of $2,197/month.

If you look at Baltimore’s skyline at night, you’ll recognize the site as the home of the neon Natty Boh sign – you can’t miss it.

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