Robert W. Deutsche Foundation buys AFRO-American Newspapers building in Charles Village, Will Redevelop as its Headquarters


Baltimore, Md. (November 1, 2017) The AFRO American Newspaper (the “AFRO”), the nation’s oldest African-American family-owned newspaper, sold its headquarters office building in Charles Village to the Robert W. Deutsche Foundation.  The transaction closed in the fourth quarter of 2017 for a total sale price of $1,100,000.

The Deutsche Foundation plans to totally redevelop the 17,400-square foot building as modern, energy efficient office space that will serve as the foundation’s headquarters, the headquarters for Baltimore Arts Realty Company (BARCO), with a small portion of the space used as shared offices and incubator space.  The AFRO, which celebrated its 125th anniversary on August 17, 2017, relocated into a 3,000-square foot office suite in southwest Baltimore while it proceeds with the its plans to develop its new headquarters in Baltimore City.    The new headquarters building will also serve as a museum, research archives and performance space.

RE/MAX Commercial Logic represented the AFRO in the sale and the Robert W. Deutsche Foundation was not represented by a real estate broker.

Historic Cathedral Hill Property Sells to Multifamily Developer For Conversion

March 17, 2015.  RE/MAX Commercial Logic announced that it has brokered the sale of 7-9 W. Mulberry Street located in Baltimore's Central Business District. The 23,143 square foot building was purchased by 7 West Mulberry Partners, LLC for the price of $1.2 million or $51.85 per square foot..
Built in 1835 and expanded in 1892, this building is designated a Historic Landmark and contributes to the Cathedral Hill National Register Historic District. Originally built as a house, the structure was converted into a school by the Roman Catholic Archdiocese in 1892. Over its 170-year existence, the structure has served as home to the Italian Consulate and then UNITE HERE!, a national union.
The buyer of the property is 7 West Mulberry Partners, LLC, a new entity created by a partnership between Trademark Properties and Boston-based Stratford Capital. Trademark Properties, based in Fulton, Maryland recently delivered 505 Park Avenue, a conversion of former office condominiums into luxury apartment units. Trademark Properties ( and its investors have been heavily focused on renovating historic properties within Baltimore for over 15 years.
Wendy L. Blair and Douglas R. Kington, founders and principals of RE/MAX Commercial Logic, represented the seller, 7-9 Mulberry, LLC, a company whose ownership includes local developer and contractor Kenneth Banks. Patrick Grace with Stein & Associates based in Reston, Virginia, represented the buyer.