News Release: 9/8/2025

Annapolis, MD – September 8, 2025 – Hyatt Commercial announced the sale of 1940 West Street, a ±10,000 SF freestanding retail/warehouse building, for $4,250,000. John Gallagher, Executive Vice President, represented the seller, while Adam Schindler of Colliers represented the buyer.

The buyer plans to renovate and occupy the building. Located on the busy West Street corridor, the property offers excellent visibility and convenient access. This purchase strengthens the buyer’s presence in the market and leverages the site’s strong location.

The property first came to market as a lease opportunity. High user demand quickly shifted interest, leading to a premium sale price.

“This was a unique opportunity to maximize value for our client,” said John Gallagher, Executive Vice President at Hyatt Commercial. “By recognizing the strength of current demand, we pivoted from a leasing strategy to an off-market sale, securing an outcome that exceeded expectations.”