Brookfield Properties signed three new tenants in 111 Calvert Street Southa 265,000 square foot office building in Baltimore’s Inner Harbor.
Wells Fargo Bank signed a 17,336 square foot lease in the 28-story building, moving from its current space to 7 St. Paul Street, where it has been for more than 40 years. The bank will have various business lines in the building, including a community bank and a commercial middle market.
Wells Fargo moved because it was looking for something new and appreciated recent renovations to the Brookfield building, the company said.
“We were looking for space in the central business district of Baltimore and our offices will overlook the inner harbor.” Derek Lynch, the head of commercial banking at Wells Fargo in Baltimore, told Commercial Observer. “The square footage fits our needs, and the fact that we’ll have signage at the top is a bonus.”
In addition, engineering and consulting company AIS Solutions take a 4,597 square foot lease and law firm Evert Weathers by Houff signed a contract for 1,748 square feet.
“Welcoming these three businesses to 111 South Calvert is an exciting time for Brookfield, but more importantly, a signal of growing activity in downtown Baltimore,” Robert Swennes, executive vice president and head of the Mid-Atlantic region of Brookfield, told Commercial Observer. “While inner cities have faced unprecedented challenges during the pandemic, we are seeing widespread momentum as people return to work.”
Brookfield Properties has just completed a $12 million lobby renovation and has additional plans to reposition the asset with other major upgrades in the near future.
Renovations completed last year include the addition of a 17th-floor amenity lounge, which features a 1,500-square-foot viewing deck and a new 4,500-square-foot fitness center. Green walls and landscaping are integrated throughout the building to promote health and increase employees’ connection to nature.
The building is currently 80% leased, according to Brookfield. Other tenants include Cigna Health, Ballard Spahr and Lupine Pharmaceuticals.
Brookfield Properties was represented by Bronwyn LeGette and Matt Seward of Cushman and Wakefield in all three leases. SIA was represented by Adam Ceribell of CBRE. Evert Weathersby Houff was represented by Linn Worthington from C&W. And the C&Ws Jamie Smith and Courtenay Jenkins represented Wells Fargo.
Brokers’ requests for comment were not immediately returned.
Keith Loria can be reached at [email protected].