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Rating:Water Main Break Forces the Closure of T. Rowe's HQ Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 28, 2009

Water Main Break Forces the Closure of T. Rowe's HQ

by: Armie Margaret Lee

A water main break in downtown Baltimore Tuesday morning has caused companies, including T. Rowe Price, to close their offices.

"Given the impact on our headquarters building as a result of the water main break, we decided to implement our business recovery plan," T. Rowe spokesman Brian Lewbart told The MFWire.

"There wasn't any impact on our investment and trading capabilities," Lewbart said. "There was no impact on our ability to serve our clients."

T. Rowe directed employees in its headquarters on 100 E. Pratt Street to its Owings Mills facility and its business recovery site in Linthicum, Lewbart said.

T. Rowe's headquarters houses more than 1,000 employees.

The main water break at Gay and Lombard streets occurred around 6:25 a.m., according to the Baltimore Sun.

Over at Legg Mason, another Baltimore-based firm, "people are still in the office, although we have moved some percentage of teams to our satellite campus in Red Run," said company spokeswoman Mary Athridge. 

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