T. Rowe Price Global Headquarters To Move To Harbor Point
T. Rowe Price Global Headquarters To Move To Harbor Point Global Headquarters Will Remain in Baltimore and Relocate to Harbor Point in 2024 |
[01-December-2020] |
BALTIMORE, Dec. 1, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that it has signed a letter of intent for a long-term lease in Harbor Point that will keep its global headquarters in downtown Baltimore. The firm plans to relocate its downtown Baltimore operations in 2024 to two modern, green buildings at Harbor Point that will be constructed to the firm's specifications, allowing it to create customized space that best meets its needs and supports the firm's collaborative culture. Relocating to Harbor Point will allow the firm to custom design its buildings with a true commitment to sustainability, in a premier location ideally suited to attract and retain top talent. Located between Harbor East and Fell's Point, Harbor Point is a vibrant and growing waterfront neighborhood in downtown Baltimore—with many amenities and services; ample green spaces; views of the harbor; and a campus-like atmosphere that seamlessly blends offices, retail, dining, and fitness options as well as residences and hotels in a dynamic and unique urban hub. T. Rowe Price has been headquartered in downtown Baltimore since its founding in 1937 and has been in its current location at 100 East Pratt Street since 1975. The new 15-year lease in Harbor Point would cover approximately 450,000 square feet, including a client conference center and an auditorium. Alongside its new headquarters, the firm will retain and continue to invest in its facilities in Owings Mills, Maryland. The new T. Rowe Price global headquarters will be developed by Beatty Development Group in partnership with Armada Hoffler Properties. Armada Hoffler will also be the general contractor for the project. QUOTES Michael Beatty, President, Beatty Development Group Lou Haddad, President and Chief Executive Officer, Armada Hoffler Properties ABOUT T. ROWE PRICE View original content:http://www.prnewswire.com/news-releases/t-rowe-price-global-headquarters-to-move-to-harbor-point-301182566.html SOURCE T. Rowe Price Group, Inc. | ||
Company Codes: NASDAQ-NMS:TROW |
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