After Fruitless Search, Financial Firms Stay Put

BALTIMORE COUNTY-After discouraging searches for other office space options, two companies have decided to stay put and renew the leases on their Baltimore County locales. Venture capitalist concern Grotech Management Co. will remain in its 10,300-sf space at 9690 Deereco Rd. in Timonium, MD, and investment banking company Morgan Stanley will continue to occupy space on two leases accounting for a total of nearly 15,000 sf at the Greenspring Station complex of office buildings in the northern portion of the county.

While the terms of the leases have not been disclosed, space in Grotech’s building leases for about $23.75 per sf, and premier space at Greenspring Station goes for $24.60 to $26.50 per foot. Real estate services company NAI KLNB represented the building owners in the transactions.