Nottingham Healthcare NHS Foundation Trust has leased a 48,000 sq ft warehouse in Derby, which is owned by Bondholder Ivygrove Developments.
The trust is a major provider of mental health and community healthcare services and will be using the building for back office functions.
The five-year lease was put together by Chris Keogh of Bondholder Salloway Property Consultants. He said: "Securing a UK Government-backed tenant on full repairing and insuring terms feels like a job very well done for a building that had previously stood vacant for a number of years prior to our involvement."
Bondholder Ivygrove Developments has agreed to upgrade the building to a modern standard, undertaking a substantial fit-out which will meet the modern needs of the trust. Richard Blount, Director of Ivygrove Developments, said: "Gosforth Road is a great example of us taking a tired building and bringing it back to life with appropriate investment - something that is a real strength of ours."