Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BALTIMORE- MetLife Inc. will consolidate two offices in the neighboring cities of Linthicum and White Marsh into a 20,000-sf space at Brewers Hill, a $100 million, 750,000-sf mixed-use development. The site is currently being constructed from two former breweries in the Canton area of Downtown and will ultimately include office, retail, and residential offerings among several structures.

Terms of the insurance and financial services company’s lease agreement have not been disclosed; however, Doug Schmidt of CB Richard Ellis, which represents Brewers Hill developers Struever Bros. Eccles & Rouse and Obrecht Commercial Real Estate, tells GlobeSt.com that space is being marketed in the low $20 range. Grubb & Ellis stood in for MetLife in the transaction.

“This is a major win for the project and Baltimore City, as MetLife represents a nationally-recognized and high-visibility company that will inject a new wave of employees into the Downtown area,” SBER senior development director Josh Neiman notes. “Their decision to re-locate two suburban locations into one downtown office represents the continuation of this trend, as companies are recognizing the multiple benefits of offering attractive workplaces for its employees. The spin-off effect of these new workers will positively affect area retailers and restaurants.”

MetLife, which was taken with the site’s convenient location and free onsite parking, expects that many of its employees will ultimately choose to set up residence within the area, perhaps even at the 27-acre mixed-use development itself. The company will make the move to its new home sometime during the fourth quarter.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.