Annapolis-Based MAIF Announces Move to 60,000 Sq. Ft. Space in Locust Point

| June 9, 2014 | 0 Comments

photoThe Maryland Automobile Insurance Fund (MAIF) announced today its plan to relocate the company’s headquarters from Annapolis to the Phillip’s Seafood headquarters at 1215 E. Fort Ave., which is now part of the McHenry Row Complex. MAIF will occupy a 60,000 sq. ft. space to be built atop Building 2 of the property, which is more than 110 years old and formerly a Coca-Cola plant.

MAIF searched throughout Maryland to find a new headquarters as they were occupying less than half of their 110,000 sq. ft. headquarters in Annapolis. “The space was 50 years old, half vacant, and hard to maintain,” MAIF Executive Director M. Kent Krabbe told SouthBMore.com.

MAIF was looking for an easily accessible state-of-the-art headquarters for its current 240 employees with surrounding amenities in a live, work, play environment, without the traffic issues of a downtown environment. Locust Point provided everything they were looking for and allows them the opportunity to attract future employees. “People want to return to urban environments as opposed to the suburbs. This is what millenials want and this location allows us to attract top talent,” said Krabbe.

photoThe MAIF headquarters will be located in two new floors to be constructed at Building 2 of the Phillips headquarters where MAIF has signed a 15-year lease. Construction is expected to be completed in mid-2015 and MAIF is expected to relocate in the fall of 2015. When Krabbe spoke to Delegate Brian McHale (whom attended Cardinal Gibbons High School with Krabbe) about their plans to move, McHale told them to make sure they were provided with enough parking. MAIF and developer Mark Sapperstein made sure this need was met.

“This move is very exciting for Baltimore City and the Locust Point neighborhood,” said Mayor Stephanie Rawlings-Blake in a statement from a press release. “Last week I was in Locust Point for a major business announcement and I’m back again for today’s great news!  Baltimore City is a place where businesses increasingly want to locate because the City offers a live, work, play environment that companies require to attract and retain professional talent into today’s economy. Baltimore City continues to grow as hub for business and government.”

When MAIF moves into the Phillips headquarters, the property will be nearly 100% leased as Under Armour will be occupying both floors of Building 1, and MAIF, Phillips, and MindGrub, which recently agreed to a 13,000 sq. ft. lease, will be occupying most of Building 2. “We have one small space left in Building 2 and we are working on a lease right now,” said Sapperstein.

Phillips will eventually relocate from the space in a few years and at the point Sapperstein will look to redevelop six additional acres of space located behind the property.

About the Author:

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, beach volleyball enthusiast, dog lover, and "bar food" foodie. Email me at [email protected] and follow me on Twitter at @SoBoKevin.
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