Corporate Office Properties Trust OFC
has agreed to acquire 100 Light Street and its 560-space structured
parking garage, 30 Light Street (together, "100 Light" or the
"Transamerica Building") in downtown Baltimore for $121.0 million. The
37-story office building contains 549,300 rentable square feet and, at
June 30, 2015, was 94% leased to credit-worthy tenants, the largest
three of which are Transamerica Life Insurance Company (28% of the
building), Miles & Stockbridge (21%) and Ober | Kaler (17%). Located at
the corner of Light and Pratt Streets – "Main & Main" in the Pratt
Street Corridor – 100 Light is the tallest building in the state of
Maryland.
"The acquisition of
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