Wanted: Legg Mason Looks for Renters
January 29, 2013
Legg Mason Inc. is looking to reconfigure its office space.
The Baltimore-based money manager is consolidating its space at its Harbor East, Md., headquarters, according to a story in The Baltimore Sun. While Legg will remain on six floors, it will sublease 78,000 square feet on three floors at the Harbor East building.
The consolidation is partly due to the impending merger of Legg Mason Capital Management into larger Legg affiliate, ClearBridge Investments in New York, The Sun reported, quoting Legg spokeswoman Mary Athridge.
Legg leases 372,000 square feet in the building. Since 2009, Legg has subleased 82,000 square feet of that to Johns Hopkins Carey Business School and McGladrey, a tax consultant.
The latest sublease space will be available April 1, and rent will range from $22 to $25 per square foot, The Sun reported.