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St. John Properties has more development plans for Md.
//March 20, 2023
St. John Properties Inc., the Baltimore-based commercial real estate development and management company, Monday announced a plan to speculatively develop 26 buildings, totaling more than 1 million square feet of commercial space in Maryland and across its national portfolio in 2023.
This follows the delivery of 18 buildings comprising more than 620,000 square feet of speculative commercial space and the acquisition of three commercial portfolios totaling 225,000 square feet in 2022.
The company opened new regional offices last year in Austin, Texas and Raleigh, North Carolina, bringing its presence to 10 states across the country. Since 1971, St. John Properties has developed more than 23 million square feet of space with plans to grow the size of its portfolio to more than 40 million square feet.
2023 construction deliveries will include:
- 8150 Maple Lawn Blvd., in partnership with Greenebaum Enterprises, a three-story building containing more than 86,143 square feet of Class ‘A’ office space at Maple Lawn, a mixed-use community in Howard County.
- The Aspen at Melford Town Center, in partnership with Somerset Companies, a 388-unit luxury apartment project located in the mixed-use community in Bowie.
- Valley Grove III, a five-story, 144,736 square foot, Class ‘A’ office building in Pleasant Grove, Utah
Last year, St. John Properties earned Leadership in Energy and Environmental Design (LEED) certification from the U.S. Green Building Council (USGBC) for the 100th building in its national portfolio. Since initiating its sustainability program in 2009, St. John Properties has developed just under six million square feet of LEED certified space and has been ranked within the top five LEED developers nationwide by the U.S. Green Building Council.
Founded in 1971, St. John Properties has developed more than 23 million square feet of flex/R&D, office, retail, warehouse space and has investments in more than 3,000 residential units. The company serves more than 2,500 clients in Maryland, Colorado, Louisiana, Nevada, North Carolina, Pennsylvania, Texas, Virginia, Utah, and Wisconsin.
