Morgan Stanley Extends, Expands Baltimore Lease

Thames Street Wharf. Image courtesy of Armada Hoffler

Morgan Stanley has extended, as well as expanded, its lease in the Thames Street Wharf office building in Baltimore. Armada Hoffler owns the Harbor Point neighborhood property.

On top of its original 196,000-square-foot lease, Morgan Stanley has committed to an additional 46,000 square feet. The company will now occupy 242,000 square feet at Thames Street Wharf until 2035.

The Thames Street Wharf building in Harbor Point is 100 percent occupied. Current office tenants include RBC Wealth, EY, T. Rowe Price, Constellation Energy Group and Transamerica. Franklin Templeton also recently signed a lease for 60,000 square feet in the building.

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Built in 2010, the eight-story building has been owned by Armada Hoffler since 2019, when the company acquired the asset for $101 million. The Thames Street Wharf is LEED Gold Certified and features 2,000 square feet of retail space, according to CommercialEdge data.

Located at 1300 Thames St., the asset has waterfront views and provides tenants with entertainment, retail and dining spaces within walking distance. Some 1,000 luxury apartments are in the Harbor Point community, all of which is surrounded by a 5-acre waterfront park.

Morgan Stanley also signed a 28,000-square-foot lease this year in San Antonio, Texas. Headquartered in New York City, the company has 20 locations nationwide.