After flirting with a move to Harbor Point, T. Rowe Price Group Inc. on Thursday said it will renew its lease at 100 E. Pratt St. through 2027.
T. Rowe has had its headquarters at the Pratt Street building since 1975, but the company raised the attention of the city’s real estate community when it said it would consider other locations for its headquarters, including Harbor Point. Developer Michael Beatty tried to woo the money manager to move to a building he would build in Harbor Point.
“Signing this letter of intent signals our ongoing commitment to downtown and the city of Baltimore, which has been our home since our founding in 1937,” T. Rowe CEO James A.C. Kennedy said in a statement. “We’re proud of our city, and on behalf of our associates we’re pleased to be able to continue our presence here for years to come...”
New York-based Studley represented T. Rowe on the deal. Rick Schuham and Eric Feinberg from Studley's Chicago office were the brokers.T. Rowe Price spurns Harbor Point, will keep its Baltimore headquarters on Pratt Street
Related StoriesBig Ten Recommits Long-Term to Rosemont
Washington Post HQ Sale Put to Bed for $159M