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BALTIMORE-Morgan Stanley has settled on Maryland as the location for its new regional processing center, committing to 30,000 sf of space in the Bond Street Wharf building on the waterfront of the city’s historic Fells Point district. The institutional securities facility will join fellow tenants Brown Investment Advisory & Trust Co. and architectural firm RTKL Associates in the 216,000-sf office structure.

“Morgan Stanley signed a long-term lease,” Bruce Matthai of Colliers Pinkard, the firm handling Bond Street’s leasing, tells Globe St.com. Space in the building leases for about $25 to $30 per-sf. “With Morgan Stanley, the building is about 75% leased,” Matthai adds.

Maryland competed with several other potential states to host the new regional office, which will employ about 150 individuals when it opens. “Morgan Stanley is part of a long list of distinguished names in the financial services arena that have established a presence in Maryland,” Gov. Parris N. Glendening says in a statement announcing the facility’s impending opening at Bond Street Wharf. “It is further gratifying that this company, with its worldwide reputation as a leader in investment management, securities and credit services, will bring more good paying jobs to Baltimore City residents and will reinforce its reputation in our community as an outstanding corporate citizen.”

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