Greysteel, a national commercial real estate investment services firm, has arranged the sale of Ivy Crossing at Catonsville, a 93-unit multifamily property, located in Catonsville, MD.

Greysteel President & CEO, Ari Firoozabadi and Senior Investment Associate, Ari Azarbarzin, brokered the $8M sale on behalf of the seller, Blue Ocean.

Built in 1946, the Property is located at 128 Nunnery Lane in Catonsville, MD and consists of 93 two-bedroom units and 12 garages.

Catonsville is located in the southwest corner of Baltimore County only minutes from Downtown Baltimore and less than 40 miles from Washington, D.C. The community features abundant shopping, dining, and entertainment opportunities in a small town atmosphere while serviced by the major retail corridor on Route 40 (Baltimore National Pike). Ivy Crossing at Catonsville is a twelve-minute drive

from Historic Ellicott City and five minutes from Downtown Catonsville and a five-minute drive from The University of Maryland, Baltimore County (UMBC).

“Through our extensive marketing campaign, we conducted over 20 tours, creating a bidding war amongst interested parties,” said Mr. Azarbarzin. “New ownership intends to continue the interior unit renovation program, while enhancing the Property with some critical community amenities and additional management services.”

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with 11 offices located in New York, NY; Los Angeles, CA; Dallas, TX; Fort Worth, TX; Washington, D.C.; Philadelphia, PA; Phoenix, AZ; Denver, CO; Baltimore, MD and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com