OneMain Financial Signs 11-Year Lease at Legg Mason Tower
- Oct 31, 2014
By Adrian Maties, Associate Editor
OneMain Financial, the consumer lending arm of CitiGroup Inc., is moving closer to the water. The company has recently signed an 11-year lease at Legg Mason Tower and expects to move to the new location in the first quarter of 2015.
OneMain Financial is currently located at 300 St. Paul Place, where it leases more than 300,000 square feet of space. In the new location, the company will occupy 109,156 square feet, on floors 15-19. It includes both direct office space from the building ownership, Harbor East – Parcel D Commercial, LLC, and sublease space from Legg Mason.
The Legg Mason Tower stands 24 stories tall and offers 660,000 square feet of class A office space. It is part of a larger Planned Unit Development that includes a five-story 1,150 car underground garage and the Four Seasons Hotel and Residences. Cassidy Turley announced that the new lease will bring the tower’s occupancy to 96 percent.
Bruce Matthai and Brian Wyatt of Cassidy Turley represented Harbor East – Parcel D Commercial, LLC in the deal. Douglas Brinkley and Lizzy Sweeney, also of Cassidy Turley, represented Legg Mason. OneMain Financial was represented by David Fields and Gil Hutzler of CBRE.
“OneMain Financial’s decision to lease space at the Legg Mason Tower and remain downtown is a huge win for Baltimore City as a whole and confirms that the ever expanding central business district, with its vibrant and thriving amenity base, remains a preferred location for many of the area’s leading financial services firms,” Bruce Matthai said in a press statement. “The fact that OneMain Financial reportedly gave serious consideration to other locations outside of downtown only underscores the significance and importance of this transaction to the City of Baltimore.”
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