BALTIMORE-St. Paul Plaza, the 280,000-sf office high rise at 200 St. Paul Place, will continue to be the home of T. Rowe Price now that the investment management company has decided to stay put in its 63,500-sf space. The company renewed its lease, which was set to expire at the end of October 2006, for an additional five years.

The Kornblatt Co., developer and manager of St. Paul Plaza, orchestrated the deal. Studley represented the tenant. Financial terms of the agreement have not been made available; however, as per this year’s second quarter office report by CB Richard Ellis, class A space in the city’s central business district goes for about $23.50 per sf. According to real estate data source Black’s Guide, space in the building is marketed for $25 to $26 per sf.

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