Millennial Media will remain inside the Can Company in Baltimore’s Canton neighborhood.
As Technically Baltimore reported in December, the question of sufficient parking space for Millennial’s roughly 200 employees was enough to make the mobile advertising company contemplate a move to more amenable offices elsewhere in the city, or even to Baltimore County or Washington, D.C. Canton continues to struggle with enough providing parking for retail stores, office workers and neighborhood residents.
But as far as Millennial Media moving is concerned, any potential move wouldn’t happen until after March 31, 2015.
The Baltimore Business Journal reports that Millennial Media has renewed its lease for space inside the Can Company, a lease that was “set to expire in September.” Meanwhile, Millennial shares dropped 38 percent [closing at] $8.95 a share Wednesday after disappointing quarterly reports.
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