Global investment management firm T. Rowe Price Group, Inc. will expand
its existing Owings Mills, Maryland, facility with a two new buildings
that will provide approximately 400,000 square feet of office space,
plus two parking garages. The company expects to create more than 1,400
new associates positions as a result of the expansion. The Baltimore
Sun reports that the company will invest $185 million in the project,
which company officials expect to begin within the next few weeks and
complete during the second half of 2009. The company is currently
completing a renovation at its global headquarters in Baltimore, where
it employs approximately 1,000 workers.
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