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Leases at 250 W. Pratt Bring Occupancy to 90%

BALTIMORE-After a period of repositioning, occupancy is increasing in this iconic Baltimore building.

By Erika Morphy | Updated on September 22, 2006

(To read more on the net lease market, click here.)

BALTIMORE-Wachovia Securities has inked a 10,083-sf office lease on the 23rd floor of 250 W. Pratt St., an iconic class A office building in Baltimore’s Pratt Street corridor. David Baird, senior vice president and director of brokerage of Trammell Crow Co. here, tells GlobeSt.com that negotiations for additional leases are under way for the top floor of the 24-floor story building, which will bring occupancy in the building above the 90% mark.

“We are decreasing vacancies steadily,” he says. Other recent leases signed in the 367,760-sf building include XL Health, which has leased an additional 10,072 sf; Vertis Inc. which renewed 52,000 sf; and University Physicians Inc. which leased nearly 12,000 sf on the ninth floor.

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