Miles & Stockbridge P.C., one of the largest law firms in Baltimore, had been in their headquarters location for 70 years. It recently elected a new management committee and were in the midst of a strategic marketing campaign to reengineer the firm. The firm approached Colliers Pinkard about securing space for an additional 10 years.

Challenge
Miles & Stockbridge was unhappy with the image of their current building and believed they needed a new location to support the new strategic marketing campaign.

Services

• Through effective space planning, Colliers Pinkard was able to reposition their space and improve their lawyer-per-square-foot ratio by 30%. 
• Building ownership was contacted and lobby improvements and street presence were negotiated.
• The build out and re-shuffling of all their departments throughout construction was managed by Colliers Pinkard’s construction management team.

Results

• A new 10-year lease was negotiated.
• Over $1 million of immediate savings was realized.
• Operating expenses pass-through were secured for the entire period.

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