The Baltimore Peninsula development team, led by MAG Partners and MacFarlane Partners, and CFG Bank, announced the bank has signed a long-term lease for three floors, totaling 97,000 square feet of office space in 2455 House St. in Baltimore Peninsula.
CFG Bank is the development’s latest confirmed commercial tenant, signing a 15-year lease at the 235-acre mixed-use development. 2455 House St. will serve as the headquarters for CFG Bank, as well as Capital Funding Group and the Jack and Nancy Dwyer Workforce Development Center Inc.
The lease signing comes as the development’s first phase of vertical construction nears completion, with more than 1.1 million square feet of new office, retail, and mixed-income residential opening in 2023.
It is also the first commercial lease signing since the project rebranded in November 2022 to Baltimore Peninsula and is part of the larger effort to realize the development as a vibrant mixed-income residential neighborhood and thriving business district, supported by waterfront events and activities, new restaurants and social destinations that bring opportunity and strengthen the spirit of Baltimore.
Along with MAG Partners, CFG Bank is working with NewGround to create its headquarters. The office spaces will feature indoor and outdoor collaboration areas with an employee lounge totaling 5,000 square feet, a rooftop community space, a library area, kitchens, an indoor sports simulator and more.
Scooter Monroe, vice president of office leasing at MAG Partners, and real estate adviser Ed Guiltinan worked with the teams at JLL and Weller Development Partners to secure the lease. Antony Gross and Anne Marie Paintsil with JLL represented Baltimore Peninsula. Kevin Haus and Matt Haas, also with JLL, represented CFG Bank in the transaction.