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Caves Valley Partners adds Clark Construction, Ricoh to Stadium Square roster

Caves Valley Partners’ Stadium Square development has signed Clark Construction Group LLC and Ricoh USA Inc. to street-level office space at 145 W. Ostend St., Caves Valley Partners officials said Wednesday.

clarkricohRicoh USA is taking occupancy of its space this month and Clark is currently building out its offices with plans to move in by November. The new locations in Stadium Square, which is now 75 percent leased, represent the first Baltimore offices for both companies.

The two national companies join Janney Montgomery Scott, a national full-service financial services firm; EOne, a regional employee benefits provider; and Spaces, an Amsterdam-born creative workspace provider, which has leased nearly 35,000 square feet of Class A office space at Stadium Square.

Jon Schulman represented Caves Valley Partners in both transactions. Rob Maddux and Claire Berrang of Newmark Knight Frank represented Ricoh, USA and Clark Construction Group represented itself in negotiating the lease agreement.

Clark’s history in Baltimore dates back to the 1970s. Since that time, Clark and its subsidiaries have delivered more than 50 projects to strengthen the city’s infrastructure and communities, including Oriole Park at Camden Yards and numerous projects at Johns Hopkins University and Hospital.

Clark Construction Group has grown from a small excavating company in 1906 to a company with annual revenue in excess of $4 billion.

Headquartered in Tokyo, Ricoh Group operates in nearly 200 countries and regions. In the financial year ended March 2018, Ricoh Group had worldwide sales of approximately $19.4 billion.


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