Legal News

Baltimore Law firm Ober Kaler to move

By (Breaking Legal News)

One of Baltimore's largest law firms, Ober Kaler, will move its headquarters by next April from the Sun Trust Bank building downtown to the 100 Light Street office tower a few blocks away.

Lexington Realty Trust, which owns the 35-story office tower, announced Thursday that Ober Kaler has signed a lease for 94,213 square feet over six floors of the tower, formerly known as the Legg Mason building.

The lease is the largest announced since Legg Mason moved last year to a new building in Harbor East, vacating 330,000 square feet on Light Street. To attract new tenants, Lexington Trust is investing more than $43 million to upgrade the building and open a parking garage across Lombard Street.

As of July 1, the 100 Light Street building is expected to be approximately 44 percent leased, according to Lexington Trust.

Ober Kaler Chairman John Wolf said the law firm considered sites in Hunt Valley, Owings Mills, Towson, Harbor East and elsewhere in Baltimore's central business district, including its present location, before leasing space at 100 Light Street.

Full post as published by Breaking Legal News on April 09, 2010 (boomark / email).