[IMGCAP(2)]The building where Hogan & Hartson will be relocating to will house the global headquarters of Legg Mason Inc. Hogan & Hartston is the first outside firm to prelease space in the building, Rick Rome, a broker with Studley, tells GlobeSt.com. Matthew Haas and Kevin Haus of Manekin, LLC teamed with Studley's Rick Rome and Nicole Miller on the Hogan and Hartson transaction.
Hogan & Hartson will be occupying one-and-a-half floors in the new building after they move in early 2010, Rome adds. "They are currently in an office building where they have been for 20 years. They outgrew the space and had a keen interest in relocating to Harbor East."
The new building will be the first of this quality developed in Baltimore for many years, he continues. "There hasn't been a strong inventory of trophy space that could attract law firms here for some time," he says. "Most firms have stayed where they are."
Asking rates for class A space in Baltimore range between $25 per sf to $45 per sf, depending on the quality of the building, Rome says. Asking rates for Harbor East are at the higher end of that spectrum.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
