Business advisory and investment banking firm Chesapeake Corporate Advisors agreed to a 5,283-square-foot lease at 1001 Fleet Street, in Baltimore’s Harbor East neighborhood. The nine-story, 270,000-square-foot mixed-use property managed by Harbor East Management Group features roughly 163,000 of Class A Baltimore office space.
Joe Bradley, Senior Vice President, and Principal for MacKenzie Commercial Real Estate Services brokered the deal on behalf of the tenant, while Brian Wyatt of Cushman & Wakefield represented the Harbor East Management during the negotiations. Office asking rents in the neighborhood average about $35 per square foot.
It is anticipated that Chesapeake Corporate Advisors will move its operations and more than 20 of its employees from the current premises at Brewer’s Hill – located at 3600 O’Donnell Street – to their new location by December. The owner of 1001 Fleet is Beatty Development Group – an affiliate of Harbor East Management Group. The building was completed in 2001.
“Harbor East offers unparalleled on-site and walkable amenities and is located in a high-energy section of Baltimore City,” Joe Bradley, senior vice president and principal of MacKenzie, told Commercial Observer. “We are seeing an increasing number of companies placing a greater importance on finding buildings that match its corporate image and provide another advantage to recruit and retain talent.”
Chesapeake Corporate Advisors works with engineering and construction firms in the government, information technology and health care sectors.
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