Miles & Stockbridge to move to Transamerica Tower by 2013

275 law firm employees will remain in city's central business district

May 19, 2011|By Edward Gunts, The Baltimore Sun

The law firm of Miles & Stockbridge said Thursday that it will move its Baltimore office to the Transamerica Tower by early 2013. The relocation will keep 275 employees in the city's central business district.

Miles & Stockbridge is the latest of several large firms to lease space in the 35-story structure, originally constructed for USF&G Corp. and one of downtown's most prominent buildings. Its owner, a subsidiary of Lexington Realty Trust of New York, has spent approximately $45 million on upgrades for new tenants since Legg Mason moved from the building to Harbor East in 2009.

The law firm will vacate offices at 10 Light St., where it has been located since its founding in 1932. The firm plans to lease up to 120,000 square feet of space in the 530,000-square-foot tower, bringing the building's occupancy rate to about 95 percent.

The law firm's 15-year lease starts on April 1, 2013, and expires March 31, 2028. It is one of the largest leases to be negotiated for office space in downtown Baltimore this year.

Legg Mason had been the building's largest tenant. Its move was part of a recent trend of companies relocating to new buildings east of Baltimore's traditional central business district.

Opened in 1974, the 530-foot-high tower at 100 Light St. was designed by Washington architect Vlastimil Koubek.

ed.gunts@baltsun.com

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