Legg Mason seeks to sublease space at Harbor East headquarters

Baltimore money manager will remain on six floors

January 28, 2013|By Eileen Ambrose, The Baltimore Sun

Legg Mason Inc. is looking to sublease 78,000 square feet on three floors at its headquarters in Harbor East.

The Baltimore-based investment management firm is consolidating its space, partly due to the recently announced merger of Legg Mason Capital Management into a larger Legg affiliate, ClearBridge Investments in New York, said spokeswoman Mary Athridge.

Legg leases 372,000 square feet in the building. Since 2009, Legg has subleased 82,000 square feet of that to Johns Hopkins Carey Business School and McGladrey, a tax consultant, Athridge said.

Legg will still occupy space on six floors.

The latest sublease space will be available April 1 and rent will range from $22 to $25 per square foot, she said.

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