Armada Hoffler Announces 35,000 Square Foot Office Lease with Stifel Financial Corp.
July 09 2024 - 6:00AM
Armada Hoffler (NYSE: AHH) announces that Stifel Financial Corp.
(NYSE: SF), a premier wealth management and investment banking
firm, has leased 35,000 square feet of prime office space within
the prestigious Wills Wharf building, located within their
mixed-use Harbor Point community on the Baltimore waterfront. The
Company’s over one million square feet of office space at Harbor
Point is 98% leased; representing the continued demand for
companies to locate their workforce in vibrant mixed-use
communities.
Stifel's decision to establish a presence at
Wills Wharf underscores Harbor Point’s reputation as the premier
mixed-use destination for leading companies looking to thrive in
Baltimore's growing business landscape. With its panoramic
waterfront views and diverse business ecosystem, Wills Wharf offers
an unparalleled work environment that fosters collaboration,
creativity, and success.
"We are excited to welcome Stifel to Harbor
Point," said Lou Haddad, Chief Executive Officer at Armada Hoffler.
"Their decision to lease space at Wills Wharf further solidifies
Harbor Point's status as the top choice for innovative companies
seeking a strategic location and exceptional amenities."
The relocation to Harbor Point represents not
only a significant investment in the future of Stifel’s business,
but also a commitment to being part of a thriving community. As
Harbor Point continues to evolve into one of Baltimore's most
sought-after destinations for work, living, and entertainment,
Stifel's presence further enhances the area's appeal and
vitality.
Peter Jackson of JLL represented Armada Hoffler
in the transaction. David Downey Jr. and Courtenay Jenkins of
Cushman & Wakefield represented Stifel Financial Corp.
In addition to Wills Wharf, Armada Hoffler’s
Harbor Point assets include both Constellation and Thames Street
Wharf office buildings, as well as 1405 Point and 1305 Dock Street
apartments and retail. The Company is also in partnership with
Harbor Point master developer, Beatty Development Group, to build
mixed-use developments, Allied | Harbor Point and T. Rowe Price’s
new global headquarters in Harbor Point.
About Armada Hoffler Armada
Hoffler is a vertically integrated, self-managed real estate
investment trust ("REIT") with over four decades of experience
developing, building, acquiring, and managing high-quality,
institutional-grade office, retail, and multifamily properties
located primarily in the Mid-Atlantic and Southeastern United
States. In addition to developing and building properties for its
own account, the Company also provides development and general
contracting construction services to third-party clients. Founded
in 1979 by Daniel A. Hoffler, the Company has elected to be taxed
as a REIT for U.S. federal income tax purposes. For more
information, visit ArmadaHoffler.com.
Contact:Chelsea ForrestArmada HofflerDirector
of Corp. Comms. and Investor RelationsEmail:
cforrest@armadahoffler.comPhone: (757) 366-4000
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