Harbor Point developer places Thames Street Wharf on market

December 17, 2013|By Natalie Sherman, The Baltimore Sun

The developer of Harbor Point has placed Thames Street Wharf, the Baltimore offices of Morgan Stanley, on the market.

Morgan Stanley is the primary tenant in the 277,000 square-foot building, the first in the planned 27-acre Harbor Point development. The building opened in 2010 on 1.3 acres at 1300 Thames Street.

The asking price was not disclosed. Beatty Development Group LLC is looking to recapitalize the debt and equity for the $100 million building and is using commercial real estate company CBRE to "generate interest," said Marco Greenberg, vice president at Beatty, in a statement.

"We will continue to maintain a stake in the building, where our new offices are located, and look forward to expanding our commitment to Baltimore," he said.

The state values the building at $50 million and the land at $6 million for tax purposes.

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