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BALTIMORE, MD-Sierra Military Health Services Inc. has signed a 10-year lease for 20,000-sf in the new office tower at 750 East Pratt Street. Many of the company’s executives will relocate to the new space from Sierra’s central 100,000-sf space in the Candler Building on Market Place next month. The lease signing ends speculation that the health organization would move its regional headquarters out of the city to space in Virginia. Manekin is handling the leasing for the structure, but the financial terms of Sierra’s deal are not being released.

Located in Baltimore’s Inner Harbor area atop a BGE substation, the new $50 million high-rise is the first tower constructed in the city’s central business district in the last ten years. Developed by Whiting-Turner Contracting Co., it consists of 325,000-sf of Class A space over 18 floors. Sierra will occupy space on the 14th floor. Fellow tenant Constellation Energy Group Inc. committed to 67,000 sf in the building earlier this spring.

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