Savills Studley today announced the completion of a 34,645-square-foot lease on behalf of Jellyfish in Baltimore. The London-based digital marketing agency will relocate its US headquarters to the new Wills Wharf mixed-use tower by Beatty Development Group, which is expected to deliver in 2019. Jellyfish is the first tenant to lease space in the building and will occupy the full sixth floor.
“This continues to be an extremely exciting time for Jellyfish as they experience tremendous growth internationally,” said Savills Studley’s Ryan Miller, who represented the tenant alongside partner George Santos. “Beyond accommodating its expanding operations, they wanted a space that reflected their engaged and employee-driven culture. George and I are thrilled and look forward to seeing the new space and what the future holds for the company.”
Jellyfish will move 140 employees from its current Scarlett Place offices at 250 South President Street to Wills Wharf in Q4 2019. Once completed, the $117 million development will stand 12 stories tall and offer more than 333,000 square feet of office, hotel and retail space. Located on the waterfront of Baltimore’s Inner Harbor, the building will feature a 156-room Canopy by Hilton hotel, expansive views and convenient access to the city’s most famous attractions, restaurants and retail stores.
“In 2015, our global headquarters relocated to The Shard, an awe-inspiring tower in the heart of London,” said Rob Pierre, CEO, Jellyfish. “Calling that trophy building home allowed us to create an award-winning environment for clients and provided a workspace where our employees enjoyed being a part of each and every day. We wanted to replicate that in Baltimore and believe we’ve found it at Harbor Point.”
Wills Wharf is the fourth building in Beatty Development Group’s 27-acre development. In 2016, Savills Studley also represented Exelon Corp., the anchor tenant of Beatty’s 900,000-square-foot mixed-use high-rise at 1310 Point Street, which kick-started the Harbor Point project. The energy company relocated 1,500 employees to its new 443,000-square-foot headquarters in the move. Harbor Point delivered its first property in 2010 and has since become Baltimore’s newest live-work-play neighborhood. At full buildout, the venture is estimated to cost $1.5 billion and scheduled to be completed in 2022.
“We welcome Jellyfish to Wills Wharf and we are excited they have chosen to grow their company at Harbor Point,” said Michael Beatty, president, Beatty Development Group. “Harbor Point provides a perfect blend of space, technology and amenities that can foster growing companies like Jellyfish for years to come.”
Antony Gross, Rob Freeman and Peter Jackson of JLL represented the landlord in the transaction.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive platform includes brokerage, project management, capital markets, consulting and corporate services. With 30 offices in North America, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with more than 35,000 professionals and over 600 commercial offices around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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