Wells Fargo Nests In CBD
Wells Fargo's renewal of 95k SF for 10 years at Harbor Group International's 7 St. Paul Street is proof that large corporations are committed to the CBD, says landlord rep Matt Seward of Cassidy Turley (right, with Lipman Frizzell & Mitchell partner Joe Cronyn and AGM Financial Services' Stephen Rudow). There's a misperception that big office users are leaving Downtown, he adds. (Didn't your mother tell you not to gossip, Baltimore?) Matt says several large tenants have committed to Downtown lately, and 800k SF of older office converting to apartments means more people. That will prompt more retail, restaurants and amenities, which will lead to more demand for office. It's all a sign of urban revitalization nationwide, which is thriving especially in B'more, he says. Of its 378k SF, the property has two 20k SF floors and a few other small suites available.
