Transamerica to move to Light Street skyscraper

Life insurance company will rename former Legg Mason headquarters

September 27, 2010|By Jamie Smith Hopkins, The Baltimore Sun

Transamerica Life Insurance Co. will move its Baltimore operations to 100 Light St., filling some of the hole left in the downtown skyscraper when Legg Mason relocated across town last year.

The life insurance firm, part of Aegon, has agreed to rent about 140,000 square feet of space by November 2011 and will move more than 700 employees there.

Lexington Realty Trust, which owns the building, says it will be renamed “Transamerica Tower.”

“The addition of Transamerica as a tenant and the renaming of 100 Light Street as the Transamerica Tower successfully culminates our efforts to reposition the building as the premier Class A office property in Downtown Baltimore,” T. Wilson Eglin, Lexington’s chief executive, said in a statement.

The building was three-quarters vacant a year ago, the company said. The Transamerica deal will make it nearly three-quarters full.

The lease is for 10 years and three months. Transamerica has the option to add or subtract about 31,000 square feet — two floors — before moving in.

Lexington finished $45 million in upgrades to the property this summer, from the lobby to the plaza.

jamie.smith.hopkins@baltsun.comhttp://twitter.com/realestatewonk

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