Corfac News

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Core property segments and services: We provide sale and leasing services on behalf of landlords and tenants, as well as investment sale services, with primary emphasis on office, flex and warehouse space.

Market areas served: Baltimore Metropolitan Area

Member of CORFAC since: 2015

Key Principals: 

Richie Blue

Richie Blue, SIOR 443-330-4801

David Paulson

David Paulson 443-330-4804









How long has Blue & Obrecht Realty/CORFAC International been in business? 

“Since 2000. We are affiliated with Obrecht Properties, which provides construction, development and property management services, thus giving us easy access to expertise beyond traditional brokerage.”

Who are some of your most notable clients? How do you serve them?

“We handle tenant representation for Comcast, SkyZone, CyberCore and Sinclair Broadcasting. We do landlord representation for Cabot and First Industrial Realty Trust.”

What was your most notable transaction during the past year?

“The sale of a multi-tenant industrial complex at 1954 Halethorpe Farms Road to investor was our largest deal last year. David Paulson, who represented the buyer, Blue Ocean Realty, sourced and closed the deal. The transaction totaled 600,000 square feet and was valued at $22,500,000.

In addition, Richie Blue negotiated a three-year lease extension for a 172,000-square foot office tenant valued at $10,387,000, at 7221 Lee DeForest Drive in Columbia, MD.”

What makes your firm the go-to solution for clients? What do you do better than anyone else in your market?

“We pay attention to the details. We focus on long-term relationships and repeat business. We stay in touch with clients, even after a transaction closes.”

What do you value most about your CORFAC membership? And why do you stay affiliated with the network?

“We really look at the entire CORFAC brokerage network as an extension of our own firm’s professional services.”

What’s the most important thing about your firm that you’d like to share with other members?

“We will respond to your inquiries quickly and ensure that your referrals receive expert services, professional care and are rewarded with aggressive transactions.”

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.