Albireo Energy LLC has signed a lease with Annapolis-based commercial real estate firm St. John Properties Inc. for 18,830 square feet of space at Waugh Chapel Business Park, and Annapolis Site Development has leased 4,966 square feet of space within the 24-acre mixed-use business community in Gambrills.
Bill Jautze of St. John Properties represented the landlord in both transactions. Chris Coccaro of JLL represented Albireo Energy and Todd Bailey of Friend Commercial Real Estate represented Annapolis Site Development.
Both are scheduled to occupy 985 Waugh Chapel Way later this year.
Headquartered in New Jersey and with offices throughout the United States, Asia and Europe, Albireo Energy provides building technology solutions that are designed to optimize performance, reduce expenses, increase the reliability of energy systems and decrease overall energy usage. The group, which is a part of EMS Technologies, services multiple industry sectors including commercial real estate, data centers, government and military, healthcare, sports and entertainment, and schools and universities. Albireo Energy intends to relocate approximately 120 employees from its Crofton location.
Annapolis Site Development employs 45 people and intends to take occupancy of its space at Waugh Chapel Business Park next month. The company offers demolition, site clearing, earth-moving, site utility installations, paving and site concrete work to companies engaged in commercial real estate, retail, residential, educational and federal government-related construction projects.
985 Waugh Chapel Way is a 33,120 square foot single-story flex/R&D building that has earned LEED Gold certification from the U. S. Green Building Council (USGBC) for the achievement of national standards that address sustainability, performance and resource conservation. Situated directly off MD Route 3 (Crain Highway), Waugh Chapel Business Park is configured to support approximately 225,000 square feet of flex/R&D space, as well as a self-storage facility. Adjacent to Waugh Chapel Towne Centre, the project is located six miles from US Route 50, 14 miles from Interstate 495 and 15 miles from Annapolis. More than 62,000 vehicles pass the site on a daily basis.