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THIS IS THEIR HOUSE

Speaking of UMd, one notable alum is Kevin Plank, founder of Under Armour. On Friday, his company announced its intention to buy 400k SF Tide Point in Locust Point for $60.5M, in a deal brokered by Cassidy Turley. UA uses 175k SF at the park for its corporate HQ and is refurbishing a 140k SF warehouse adjacent to the complex as an employee center. Public records show the transaction involves a $40M CMBS loan assumption (66% LTV), and we hear the company likes the unique branding opportunity the former Procter & Gamble soap factory offers. Sources tell us it'll close in the next three months.

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