While some commercial buildings in Baltimore are losing office tenants, an eight-story structure at Baltimore Peninsula is filling up.
The development team behind Baltimore Peninsula announced on Wednesday that the global staffing and professional services firm of Insight Global LLC has signed a lease for 15,600 square feet of office space on the third floor of 2455 House St. That makes the 221,500-square-foot building 75 percent leased.
Insight Global will be leaving 100 E. Pratt St. in downtown Baltimore, the same building that T. Rowe Price Group vacated last spring when it moved to Harbor Point. Insight Global’s target move-in date is mid-2026.
Since March 2024, 2455 House St. has been the headquarters of CFG Bank. In July, the design firm Ayers Saint Gross signed a 25,000-square-foot lease and plans to move from Tide Point. Retail tenants include Daily Grind and Molly’s Dog Care. Amenities include a rooftop terrace, open-air courtyard, fitness center and on-site parking.
Baltimore Peninsula’s development team is led by MAG Partners, with investments from Kevin Plank and his Sagamore Ventures investment firm and Goldman Sachs Asset Management Urban Investment Group.
“With occupancy steadily increasing and a diverse mix of companies choosing to call Baltimore Peninsula home, Insight Global brings a unique dimension to our thriving tenant community,” said MAG Partners founder and CEO MaryAnne Gilmartin, in a statement.“Their presence expands the range of industries represented and furthers our vision of Baltimore Peninsula as a dynamic hub where businesses, talent and culture gather.”
The lease with Insight Global builds on the strong office leasing activity at the 235-acre redevelopment project, which overlooks the Middle Branch of the Patapsco River in south Baltimore. In recent months, the University of Maryland committed to 12,480 square feet at Rye Street Market to house its Flex MBA program, while PwC leased 23,000 square feet of space and Newmark leased 4,500 square feet.
Other retail tenants at Baltimore Peninsula include Baltimore’s first Ben & Jerry’s; Slutty Vegan; Bar Vegan; Jersey Mike’s; Rye Street Tavern by Clyde’s Restaurant Group, and Vessel Baltimore cocktail bar and Little Wing coffee shop at the ROOST Baltimore by Method Co hotel. Another 25,500 square feet of retail space will open later this year, including Live-K Karaoke and Urbano Tex-Mex.
Insight Global specializes in delivering talent and technical solutions to Fortune 1000 companies across the IT, Non-IT, Healthcare and Engineering industries. It has more than 70 locations in North America, Europe and Asia — and global staffing capabilities in more than 50 countries.
Baltimore Peninsula was represented in the Insight Global lease by Matt Melnick, Courtenay Jenkins and Rich Thomas of Cushman & Wakefield. Insight Global was represented by Kyle Riker & Brendan Lough of JLL. Sam Spikell of MAG Partners supported the transaction.
“Baltimore Peninsula offers the kind of inspiring, collaborative environment where our people can truly thrive,” said Tim Stutz, Chief Operating Officer of Insight Global, in a statement. “We’re thrilled to be joining a community that’s full of energy and momentum, and we look forward to serving our customers from this inspiring new home.”
Oh come on, Ed. It’s Port Covington. To remember Fort Covington, from the defense of Baltimore in 1814, and the decades of intense RR and shipping business.