KBS Inks 196 KSF Lease Renewal in Baltimore
- Mar 14, 2019
KBS has recently signed a 195,783-square-foot lease renewal with Morgan Stanley at its Thames Street Wharf in Baltimore, Md. The financial giant moved to Baltimore in 2003 and has been occupying space in the Class A building since its completion in 2010. Other tenants include Beatty Development Group and Armada Hoffler Construction.
Thames Street Wharf is a 260,000-square-foot, eight-story property, which achieved LEED Gold for its sustainable design and construction. The building features floor-to-ceiling glass windows overlooking the Patapsco River. Amenities include a café/deli, coffee shop, dry cleaning service and concierge service. Additionally, the landlord plans to upgrade the lobby and common areas this year.
Setting tone for more
Located on 1.3 acres at 1300 Thames St., the property is the first building delivered as part of the Harbor Point mixed-use development, Baltimore’s largest downtown waterfront site. Neighborhood amenities include parks, dining and shopping options, a farmer’s market, a fitness center, a medical center, universities. Harbor Point Central Plaza and Broadway Square are also nearby. BWI Marshall Airport and various bus and train stations provide commuters easy access throughout the entire area.
JLL’s Joe Messina and Brad Crosley represented the tenants in the lease transaction. Newmark Knight Frank’s Dan Callihan acted on behalf of the landlord.
“We acquired Thames Street Wharf in a joint venture with a sovereign partner, in lieu of an institutional client, knowing that it had generational attributes and that with continued enhancements it would remain attractive to top tier companies,” KBS Regional President Marc Deluca said in a prepared statement.
Image courtesy of Yardi Matrix