Armada Hoffler Won A Lease Contract From Global Law Firm Duane Morris For Nearly 10,000 Square Feet At Wills Wharf Office Building In Baltimore's Harbor Point Neighborhood
Portfolio Pulse from Benzinga Newsdesk
Armada Hoffler Properties, Inc. has secured a lease contract with Duane Morris, a global law firm, for approximately 10,000 square feet of office space at the Wills Wharf building in Baltimore's Harbor Point area.
January 18, 2024 | 11:03 am
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Armada Hoffler Properties, Inc. has won a significant lease agreement with Duane Morris for office space in Baltimore, which could positively impact revenue and occupancy rates.
The lease agreement with Duane Morris is likely to have a positive short-term impact on AHH's stock price. Securing a global law firm as a tenant can be seen as a vote of confidence in the property and may lead to increased investor optimism about the company's ability to attract high-profile tenants. This could potentially increase revenue and improve the occupancy rate of the Wills Wharf office building, which are key metrics for real estate investment trusts (REITs) like Armada Hoffler.
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