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The most high-profile new development in Downtown Baltimore has its anchor office tenant.
M&T Bank has agreed to a 155K SF lease at One Light Street, which is under construction and will include 280 Class-A apartments, a club and pool, nine floors of office space, 5K SF of ground-floor retail and a 646-car parking garage. M&T will occupy six of the nine office floors, as well as a portion of the retail space — and an M&T Bank logo will adorn the building.
M&T will be consolidating two Baltimore offices into its new Mid-Atlantic headquarters when it moves into One Light Street, projected to be by the end of 2018. The Buffalo-based bank is moving out of its regional headquarters at 25 South Charles St. and a satellite office at 110 South Calvert St., the Baltimore Sun reports. The bank is also closing its branch at 25 South Charles.
Washington, D.C.-based Madison Marquette is developing the 28-story One Light Street, for which it obtained a $44M mezzanine loan from Bridge Investment Group brokered by HFF.
CORRECTION: SEPT. 19, 2017, 7:15 P.M. ET: A previous version of this story incorrectly referred to One Light Street as One Water Street. This story has been updated.
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