 VIRGINIA BEACH, Va., Dec. 03, 2020 GLOBE NEWSWIRE -- Armada Hoffler Properties, Inc. NYSE: AHH today announced it has formed a 5050 joint venture with Beatty Development Group, which will develop and build T. Rowe Prices new 450,000 square foot global headquarters in Baltimores Harbor Point. Beatty is the lead developer of the joint venture and Armada Hoffler is the noncontrolling equity partner and general contractor for the build-to-suit project. 