Investment banking firm Evergreen moves to Columbia’s Corporate Row – Trade Observer

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Evergreen Advisors signed a 10-year lease on 11,000 square feet to 30 Corporate Centera 142,742 square foot office building in downtown Columbia, Maryland.

The investment and corporate finance bank will occupy the top floor of the building, located on 10440 Little Patuxent Drive in Howard County, according to the company. Rents in the average building $27.5 per square footaccording to PropertyShark.

The Howard Hughes Company developed and owns the property, part of the large Corporate Row development, seven buildings comprising nearly 1 million square feet of space.

“We toured the area and Corporate Row at Columbia had the best set of assets we could find to help retain and recruit employees and be in the heart of Baltimore and Washington,” Shelley Lombardo, the COO of Evergreen Advisors told Commercial Observer. “Easy access to restaurants, gorgeous views of Symphony Woods from the top floor of the new space, and proximity to many of the businesses we support made it an ideal location.”

The company will move its head office from 9256 Bendix Road, also in Colombia, at the end of May. Evergreen Advisors has occupied this space since 2008 and has a second office in 2010 Company crest in McLean, Virginia.

Evergreen Advisors was looking to relocate, Lombardo noted, because of its phenomenal growth over the past five years, as it now serves more than 500 companies and has created more than $2 billion in capital and liquidity.

Corporate Row is in the midst of a $10 million, portfolio-wide renovation that will include creating connecting pathways between the seven buildings and two central amenity centers featuring fitness centers, a local bicycles, lounges for tenants and a golf simulator.

“Much of our capital investment in Corporate Row over the past few years has focused on building systems and infrastructure – elevator upgrades, HVAC systems, exterior envelope, etc. – all of which are essential for the buildings, but less tangible for our tenants”, Greg Fitchitpresident, Columbia, of The Howard Hughes Corporation, told CO.With these infrastructure upgrades largely complete, it was time to invest in more visible and exciting improvements. »

Mackenzie Commercial Real Estate Services equipped with Joe Bradley and Bill Whitty represented Evergreen Advisors in the transaction. The owner was represented by Alex Hancock of Transwest.

Keith Loria can be reached at [email protected].

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