Ober|Kaler is moving its headquarters to 100 Light Street in Baltimore, the trophy high-rise formerly known as the Legg Mason Building. Lexington Realty Trust signed the locally based law firm to a 94,213-square-foot deal.
The lease commences later this year and runs through March 2026. Ober|Kaler is expected to take occupancy in about a year.
Built in 1973, the 35-story, 530,000-square-foot office skyscraper is the tallest building in Maryland. Located at Inner Harbor, 100 Light Street takes up an entire city block and is bordered by Light Street, Lombard Street, Charles Street and Pratt Street, all major arteries in Baltimore.
Although the building contains several other tenants such as The Center Club and Cassidy Turley, it has remained mostly vacant since Legg Mason relocated to 100 International Drive last year. Ober|Kaler's lease brings 100 Light to 44 percent occupancy.
Elizabeth Cooper, Jeff Groh and Michael Singer with Jones Lang LaSalle represented Ober|Kaler. David Downey, Matt Seward and John Schulze with Cassidy Turley handled negotiations for Lexington.
The lease represents an expansion for Ober|Kaler, which is relocating from its home of 20 years, the SunTrust Bank Building at 120 E. Baltimore St. The law firm occupies about 75,000 square feet at that location, according to CoStar information.
John Wolf, chair of Ober|Kaler, said that 100 Light "offers our firm modern offices with an outstanding combination of esthetics and practicality, from magnificent views of the Inner Harbor to convenient access and parking. Remaining in the Downtown City Center is part of our continuing commitment to the city of Baltimore."
Lexington is spending approximately $43.1 million on renovations to 100 Light, including $23.3 million for a new parking garage. A redesigned plaza and lobby, as well as a new conference center, fitness center and cafeteria are also in the works.
"Ober|Kaler's move to 100 Light Street means that 130 jobs will remain in the city," said Kirby Fowler, president of Downtown Partnership of Baltimore and a former partner at Ober|Kaler. "It says a lot about the strengths of Baltimore's workforce and business climate when one of the region's most enduring professional firms chooses to stay here and grow. In addition, 100 Light is one of Downtown's premiere office towers and Lexington Realty is making significant investments that make deals like this one possible."