The Department of Juvenile Justice is shifting its administrative offices and 190 jobs downtown from Baltimore County in one of the largest moves by a state government agency in a year.
The agency's move to One Center Plaza next month from a Lockheed Martin Corp.-owned building in Middle River also will make way for roughly 150 new jobs to be added by the Bethesda defense contractor.
"This helps to solidify Charles Center and brings in a quality user of space," said Donald Manekin, a senior vice president at Manekin Corp. "It's a huge boost for an area that has been hard-hit by vacancies."
Manekin's company represented J. P. Morgan Investment Management, owners of One Center Plaza, in the deal.
The space being leased by Juvenile Justice became available after Baltimore Gas and Electric Co. decided to consolidate operations from six floors in One Center Plaza into its headquarters next door to the 12-story project.
"If 60,000 square feet became vacant, it would have been devastating for that project," L. Bruce Matthai, a Colliers Pinkard principal who negotiated on behalf of Lockheed Martin, said of the One Center Plaza building.
The department will occupy five floors in the building at 120 W. Fayette St. through 2008 at a cost of nearly $9 million. Lockheed Martin will offset at least $100,000 of the cost of moving, tenant improvements and furniture. The company offered to pay the costs to eliminate a state option to maintain the Middle River space through 2004.
"This transaction meant that Lockheed Martin didn't have to build another building or look elsewhere [for space], and it got the Department of Juvenile Justice headquarters closer to where its normal center of gravity is," said Hans F. Mayer, executive director of the Maryland Economic Development Corp., which negotiated the deal for the state.
Juvenile Justice's headquarters has been in a five-story building owned by Lockheed Martin at 2323 Eastern Blvd. for five years. Lockheed Martin wanted the space back to accommodate its fast-growing vertical launch systems division.
The Juvenile Justice lease came as J. P. Morgan is working to sell the 85,000-square-foot building, which was developed by a Manekin-led partnership and completed in 1983.
"This deal definitely adds value to the building and helps the sales process," Matthai said.
J. P. Morgan also is working to sell its other downtown office holding, a 15-story tower at 300 E. Lombard St. that was developed and owned by the Rouse Co.
"This contributes to the new life coming into the central business district and Charles Center, which has experienced a lot of momentum thanks to Peter Angelos' purchase and renovation of One Charles Center and the pending move of the Johns Hopkins University" Downtown Center to the old Hamburger's building at Charles and Fayette streets, said Laurie Schwartz, president of the Downtown Partnership of Baltimore Inc., a public/private economic development group.
Pub Date: 12/22/98