General Growth Properties (GGP), owners of Harborplace & The Gallery, announced May 23 the signing of a new lease with Northwestern Mutual for its Harborplace Tower office building, located at 111 S. Calvert Street, Baltimore. Northwestern Mutual will occupy the entire 25th floor of the Harborplace Tower (approximately 17,000 square feet). Occupancy is scheduled for the fourth quarter of 2011.
“We look forward to welcoming Northwestern Mutual and its seventy employees to the Harborplace Tower this coming fall,” Christopher S. Schardt, senior general manager of Harborplace & the Gallery said. “For the first time in five years, there is construction underway in all four Harborplace & The Gallery buildings. In addition to Northwestern Mutual, approximately 40,000 square feet of new construction is in progress; including: H&M, Lenny’s Deli, and the newly opened Francesca’s Collections.”
Northwestern Mutual is the nation’s largest direct provider of individual life insurance – ranking 110 in the FORTUNE 500, with $157 billion in assets. Founded in 1857, Northwestern Mutual serves the insurance and investment needs of more than three million clients. During their long history, Northwestern Mutual has protected their clients and paid life insurance dividends every year since 1872. In fact, while not guaranteed, they have paid more in total individual life insurance dividends to policy owners than any other company in the industry for the past 12 years.