New Tenants Ensure Viability of Baltimore's Tallest Building
As part of its consolidation of office space in Baltimore, insurance giant Transamerica will replace Legg Mason’s sign with its own on the city’s tallest building. The firm, owned by the Dutch company Aegon, is relocating to a 140,526-square-foot space at 100 Light St., a 35-story city skyscraper owned by a subsidiary of Lexington Realty Trust. The move will fill a huge hole in the central business district that Legg Mason left when it vacated earlier this year in favor of space in the booming Inner Harbor East complex where it has set up its new headquarters.
By adding Transamerica as a tenant and renaming 100 Light St. as the Transamerica Tower successfully culminated Lexington’s efforts to reposition the building as the premier Class A office property in downtown Baltimore, said the company’s chief executive officer, Wilson Eglin. He added that Lexington is pleased to have procured another marquee tenant and increased leased space from 26 percent to 72 percent in the previous 12 months.
Lexington said that the Transamerica lease and the relocation of law firm Ober|Kaler into the building in April will ensure the viability of 100 Light St., which was completed in 1973 as the USF&G building.
Since it acquired its interest in the building in 2006, Lexington has moved aggressively to replace Legg Mason by adding a new parking garage, conference center, cafeteria, and fitness center and redesigning the plaza and lobby.
“I am very pleased to see another strong corporate name with global recognition added to Baltimore’s beautiful downtown skyline at 100 Light St.,” said Baltimore Mayor Stephanie Rawlings-Blake in a statement.