Armada Hoffler Finalizes Lease Extension and Expansion With Morgan Stanley at Thames Street Wharf in Harbor Point
November 07 2022 - 6:00AM
Armada Hoffler (NYSE: AHH) announced that it has finalized a lease
extension and expansion with Morgan Stanley at the Company’s Thames
Street Wharf office building in Baltimore’s Harbor Point
neighborhood. The global financial services leader leased an
additional 46,000 square feet at the building.
With its initial 196,000-square-foot lease at Thames Street
Wharf Morgan Stanley will now have a total presence of 242,000
square feet in Thames Street Wharf at Harbor Point into 2035.
Harbor Point is home to a compelling roster of corporate office
tenants. Morgan Stanley is joined by T. Rowe Price, Constellation
Energy Group, Transamerica, EY, and RBC Wealth. In July 2022,
Armada Hoffler executed a 60,000-square-foot lease with investment
management firm Franklin Templeton at Wills Wharf.
Thames Street Wharf is currently 100% occupied.
“Morgan Stanley’s extension and expansion continues to validate
our strong belief that Harbor Point is the top destination for
class A companies in the region,” said Louis Haddad, President and
CEO of Armada Hoffler. “The community’s trophy office buildings,
complemented by what will ultimately be nearly 1,000 luxury
apartments and some specialty retail, all surrounding a 5-acre
waterfront park, make Harbor Point the premier destination for the
top demographic in each of its asset classes.”
Positioned at the gateway to Baltimore’s Inner Harbor with
unparalleled waterfront views, Thames Street Wharf is located
within walking distance to all amenities and open spaces that
Harbor Point has to offer. Longtime partners Armada Hoffler and
Beatty Development Group have established Harbor Point as
Baltimore’s largest downtown waterfront development site with
capacity for up to 3 million square feet of mixed-use space on 27
acres.
In addition to Thames Street Wharf, Armada Hoffler’s Harbor
Point assets include both Constellation Energy and Wills Wharf
office buildings, as well as 1405 Point Street and 1305 Dock Street
apartments and retail. The Company is also in partnership with
Beatty Development Group to build mixed-use developments, Allied |
Harbor Point, and T. Rowe Price’s new global headquarters in Harbor
Point.
To learn more about Harbor Point visit www.harborpoint.com.
About Armada Hoffler Armada
Hoffler (NYSE: AHH) is a vertically integrated, self-managed real
estate investment trust with over four decades of experience
developing, building, acquiring, and managing high-quality office,
retail, and multifamily properties located primarily in the
Mid-Atlantic and Southeastern United States. We also provide
general construction and development services to third-party
clients, in addition to developing and building properties to be
placed in our stabilized portfolio. Founded in 1979 by Daniel A.
Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S.
federal income tax purposes. For more information visit
ArmadaHoffler.com.
Contact:Chelsea ForrestArmada HofflerDirector
of Corporate Communications and Investor RelationsEmail:
CForrest@ArmadaHoffler.com Phone: (757) 612-4248
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