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Chamber sells its building

November 05, 2003|by ANDREW SCHOTZ

andrews@herald-mail.com

The Hagerstown-Washington County Chamber of Commerce has sold its building at 111 W. Washington St., but plans to stay there while it looks for a new home.

A Frederick, Md., partnership called Lebo of Hagerstown LLC paid $216,000 for the building, according to Maryland Department of Assessments and Taxation records.

Curt Boteler, a senior property manager with Kline Scott Visco, the Frederick-based real estate firm that brokered the deal, said Lebo of Hagerstown is a group of Frederick business owners.

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Lebo of Hagerstown took over the deed from the Chamber of Commerce on Oct. 29, according to Assessments and Taxation records. The deal wasn't made public until Tuesday, when the chamber released a written statement about it from Fidelity Bank.

Fidelity Bank said it financed the transaction with the first loan it has issued in Washington County since acquiring the assets and branches of Home Federal Savings Bank.

Chamber President Fred Teeter Jr. said the chamber bought the building in 1990, renovated it and moved in the next year.

The chamber uses 1,700 of the building's 3,200 square feet, Teeter said.

Kelly Benefit Strategies, a tenant, uses some of the remaining space.

U.S. Business Planners also used to lease space there before it moved to Public Square, Teeter said.

The chamber now has a six-month lease to continue using its current office space. The lease can be extended for 60-day periods.

Teeter said the chamber has issued a request for a proposal to local property owners in hopes of finding 2,200 square feet of office space, which would help the chamber add another employee.

The chamber doesn't expect to move far. "Everybody sort of expects us to be downtown," Teeter said.

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