March 2024

M id A tlantic Real Estate Journal — March 2024 — 3A

www.marej.com

M id A tlantic R eal E state J ournal

Electrical contractor selects two contiguous spaces to house operations Foit of St. John Properties brokers 93,800 s/f lease at Arcadia Business Park in Frederick, MD

F REDERICK, MD — Power Solutions, LLC, a commercial electrical contractor headquartered in Bowie, MD, has leased two contiguous spaces at Arcadia Business Park in Frederick, MD comprising 93,800 s/f. This represents the company’s fourth lease with St. John Properties, Inc., adding to its 48,720 s/f headquarters in Melford Town Center in Prince George’s County, as well as a 23,280 s/f presence at Ashburn Crossing in Loudoun County, VA for a total of more than 165,000 s/f. Power Solutions also maintains a regional office in Newport News, VA. Danny Foit of St. John Properties rep - resented the landlord and Jon Casella of CBRE represented the tenant in this transaction. Power Solutions provides electrical construction and maintenance on projects throughout the Mid-Atlantic region with an emphasis on data centers, hospitals, medi - cal laboratories, telecommu - nications centers, and gov - ernment facilities. In recent years, the company has built more than 16 million s/f of data center and associated support space and completed installa - tions for customers including Aligned Data Centers, Digital Realty, NTT, Vantage and Verizon. Additional large-scale projects have been completed for Kirkland & Ellis, Deloitte, and Bell Helicopter. Approximately 90 full-time employees are expected to work from 4754 Arcadia Dr., a one-story bulkwarehouse building equipped with more than 125,000 s/f of high-bay space which was delivered this year. Power Solutions intends to use the space to prefabricate and store piping and electrical parts for current and upcom- ing projects with an emphasis on data center construction and maintenance. “We have a significant pres - ence in Northern Virginia and Maryland to support our data center construction activities, and this new Frederick loca - tion positions our company to more effectively serve our many customers through - out the DMV region,” stated Kenny Johnson, president of Power Solutions. “The con - tinued growth of the industry and the demand for highly technical electrical construc - tion services necessitated our

stown Pike) and Arcadia Drive. The business community cur - rently features four single-sto - ry flex/R&D buildings totaling more than 160,000 s/f in addi - tion to two high-bay warehouse buildings comprising nearly 240,000 s/f. It is positioned within close proximity to In - terstates 270 and other nearby major roadways including I-70, US 15 and MD Rte. “Data centers are the most powerful economic develop - ment drivers in the Northern Virginia and Central Mary - land regions these days, and Power Solutions continues

to be a key service provider in the industry,” said Matt Holbrook , regional partner, Virginia, and Central MD for St. John Properties. “We speculatively developed the 125,000 s/f warehouse build - ing at Arcadia Business Park in anticipation of end-users needing immediate access to warehouse and logistics space. Power Solutions seized this available opportunity. St. John Properties enjoys an ex - cellent, long-term relationship with the company and we are thrilled to accommodate them in a third sub-market.” MAREJ

Arcadia Business Park

investment in new facilities to meet the needs of our existing and future customers in the

coming years.” Arcadia Business Park is located at MD Rte. 85 (Buckey -

2 SEALED BID LAND AUCTIONS

43 ± BEAUTIFUL ACRES SEALED BIDS DUE APRIL 12, 2024 BY 1PM

99 ± PRIME ACRES SEALED BIDS DUE APRIL 4, 2024 BY 1PM

991 N FRANKLIN STREET CHAMBERSBURG PA 17202 45MIN TO HARRISBURG PA LOCATION, LOCATION, LOCATION! hd/&h>ϰϯ͘ ϵнͲZ&ZE<>/EK WZKWZdz͘ EKKE/E'ŝŶ,ĂŵŝůƚŽŶ dŽǁŶƐŚŝƉŽĨĨĞƌƐE>^^WK^^//>/d/^ ĨŽƌ ďƵƐŝŶĞƐƐůŽĐĂƚŝŽŶ͕ ĚĞǀĞůŽƉŵĞŶƚΘŵŽƌĞ͊  WƌŽƉĞƌƚLJŝŶĐůƵĚĞƐĂŶĂůůďƌŝĐŬ ,KDΘ;ϯͿZEd>hE/d^͘ 'ƌĞĂƚůŽĐĂƚŝŽŶ ŶĞĂƌƐŚŽƉƐ͕ ƌĞƐƚĂƵƌĂŶƚƐ͕ ƐĐŚŽŽůƐΘŵŽƌĞ͘  ŽŶǀĞŶŝĞŶƚƚŽZƚ͘ ϯϬĨŽƌ^ƚdŚŽŵĂƐΘ ŚĂŵďĞƌƐďƵƌŐĂŶĚZƚ͘ ϭϭĨŽƌ^ŚŝƉƉĞŶƐďƵƌŐΘ 'ƌĞĞŶĐĂƐƚůĞ͊  Don’t miss it! WZs/t^͗ DĂƌϯϬƚŚϭϬDͲϭϮWD ΘƉƌϯƌĚϰͲϲWD

COUNTRY CLUB ROAD WAYNESBORO PA 17268 1HR15MIN to DC/BALTIMORE/NVA 99 ± ACRES (R-1) LOW DENSITY RESIDENTIAL LAND WITH UNLIMITED DEVELOPMENT POTENIAL! &ƌŽŶƚĂŐĞŽŶŽƵŶƚƌLJůƵďZĚ͕ tĂƐŚŝŶŐƚŽŶdǁŶƐƉ ůǀĚΘ'ĞŚƌZĚ͘  Wh>/tdZΘ^tZ ĂǀĂŝůĂďůĞ ǁŝƚŚĞƐƚĂďůŝƐŚĞĚƐƵƌƌŽƵŶĚŝŶŐĚĞǀĞůŽƉͲ ŵĞŶƚƐ͘ EĞĂƌtĂLJŶĞƐďŽƌŽŽƵŶƚƌLJůƵď͕  ƐŚŽƉƉŝŶŐ͕ ƐĐŚŽŽůƐΘƌĞƐƚĂƵƌĂŶƚƐ͊  /ŶϮƚƌĂĐƚƐΘĂƐ ĂǁŚŽůĞ͘  dZdϭ͗ ϵϭ͘ ϳϵнͲZ^͕ ĨƌŽŶƚĂŐĞŽŶ tĂƐŚŝŶŐƚŽŶdǁŶƐŚƉůǀĚΘ'ĞŚƌZĚ͘  dZdϮ͗  ϳ͘ ϭϯнͲZ^ǁͬ ϯďƵŝůĚŝŶŐůŽƚƐ͗ Ϭ͘ ϱϳ ±͕ Ϭ͘ ϲϱ ± Θ ϱ͘ϵϭ ± ĂĐƌĞƐ͕ ĨƌŽŶƚĂŐĞŽŶŽƵŶƚƌLJůƵďZĚ͘  WZs/t^͗ DĂƌϮϮŶĚΘϮϳƚŚϭϮͲϮWD

^ĞĂůĞĚďŝĚƐĚƵĞĂƚƚŚĞŽĨĨŝĐĞƐŽĨ,ƵƌůĞLJZĞĂůƐƚĂƚĞΘƵĐƚŝŽŶƐ ϮϴϬϬh,EEdZ/>͕͘ 'ZE^d>WϭϳϮϮϱ

DĂƚƚŚĞǁ,ƵƌůĞLJhϬϬϯϰϭϯ>ΎzϬϬϮϬϱϲͮ <ĂůĞď,ƵƌůĞLJhϬϬϲϮϯϯ 717-597-9100 | HURLEYAUCTIONS.COM

Made with FlippingBook. PDF to flipbook with ease