An online advertising firm started in Baltimore and owned by AOL plans to remain in the city, having signed a new long-term lease in Brewer's Hill, according to the owner of the building.
Advertising.com, which currently has offices in the Tide Point complex, is likely to move by the spring of 2015, said David Knipp of Obrecht Commercial Real Estate, which is to become the firm's landlord at the National East building on O'Donnell Street.
AOL confirmed plans to move, but did not provide further information. In 2007, when the firm renewed its roughly 60,000-square-foot space in Tide Point, it employed about 300 people in Baltimore. Three years ago, Under Armour purchased the complex, with plans to expand its headquarters there.
Advertising.com's new lease is for about 45,000 square feet at 3700 O'Donnell Street, enough space for 200 to 250 employees, Knipp said.
The company is taking space being vacated by the architecture, planning and design firm DDG, which is moving to a smaller space nearby, also owned by Obrecht, he said.
"It's a nice long-term lease. It provides a lot of stability for us," he said, declining to be more specific about the terms.
Obrecht has emerged as one of the developers that is remaking Brewer's Hill and the eastern part of Canton.
In addition to the National East offices in the former National Brewery bottling plant, the company is the force behind the new apartments in the former Gunther Brewery, retail space in the former Gunther Brewery bottling plant, and the tower topped by the Natty Boh sign. It's also staked its claim to the neighborhood online, snagging the name brewershill.net.