With the assistance of Jones Lang LaSalle, the company secured a10-year lease with the developer of the class A building, HaleProperties LLC. Financial terms of the CareFirst's lease have notbeen disclosed; however, class A office space in Baltimore'scentral business district goes for about $24.70 per sf, accordingto Delta Associates' First Quarter 2006 Washington-Baltimore OfficeMarket Report.

Located along the waterfront at 1501 Clinton St., CantonCrossing is part of the 67-acre mixed-use Canton Crossingdevelopment project, which will cost an estimated $1 billion tocomplete. The 17-story structure is also refereed to as the FirstMariner Tower at Canton Crossing for First Mariner Bank, whichpreleased space in the office facility for its headquarters.CareFirst plans to relocate from its current location ofapproximately the same size at 100 S. Charles St. next year.