MacKenzie Commercial Real Estate Services LLC, together with Harrington Commercial Real Estate Services, have been selected by The Maryland Port Administration to complete the leasing of 401 E. Pratt St. in downtown Baltimore.
The 31-story building, home of the World Trade Center Baltimore, is approximately 71% leased with nearly 87,000 square feet of space available for lease. Delivered in 1977 and designed by internationally-known architect I.M Pei, the building is recognized as being the world’s tallest regular pentagonal-shaped skyscraper.
Drew White, real estate adviser for MacKenzie Commercial Real Estate Services and Terri Harrington, Managing Principal for Harrington Commercial Real Estate Services are handling the assignment for their respective companies.
Long regarded as among the iconic buildings shaping Baltimore’s Inner Harbor, 401 E. Pratt St. is sited along the 7.4-mile brick pedestrian path that extends around the downtown area and is adjacent to the National Aquarium and Baltimore Science Center. Four of its five sides offer views of the Inner Harbor area and more than $1 million was recently invested to update the on-site conference facilities, fitness center and food amenity known as The Marketplace. A number of small turn-key suites, beginning at 500 square feet of space, are available that offer immediate move-in and shorter leasing terms.
Office spaces up to 11,000 square feet of space are currently available, with small office footprints ranging between 500 and 1,500 square feet of space. According to data from MacKenzie Commercial Real Estate Services, the vacancy rate for commercial office space in the Baltimore City submarket stood at 24% at year-end 2021.