With DTZ's assistance, Transamerica signed a ten-year lease for 171,000 square feet at 100 Light Street. The building was renamed Transamerica Tower, with skyline signage. The transaction reduced Transamerica’s footprint by 50% and brought two business units together, facilitating the client’s consolidation plan. The CEO of Transamerica moved his office to 100 Light Street from Cedar Rapids, Iowa, bringing with him much of the company’s upper level management, making 100 Light Street the new headquarters for Transamerica.
The total value of the lease was $50 million, making it the largest office lease in Baltimore in 2010. The terms of the transaction included free rent, a generous tenant improvement allowance, and growth and expansion options. DTZ also successfully sold 1111 N. Charles Street to Chase Brexton Health Services for $6.7 million.