NEWS
FULTON, MARYLAND
markets. This is where people want to live and work in Howard County,” stated Michael Greenebaum, President of Greenebaum Enterprises. “We believe there is a strong demand for high-quality flex/R&D product in this market, but few current opportunities for new development, so [we] are excited about the potential of this project. In keeping with our long-standing philosophy, we plan to develop these buildings on a speculative basis in order to respond instantly to the emerging requirements of new and existing clients,” explained Sean Doordan, St. John Properties’ Executive Vice President, Acquisitions and Growth. “We remain aggressive in our approach to identify and acquire land to develop, as well as under-performing properties where we can add value." Doordan added. For more information on Montpelier Research Park, visit: sjpi.com/montpelier of occupancy levels in the office and medical office buildings at Maple Lawn,” stated Lawrence Maykrantz, President and CEO, St. John Properties. “Maple Lawn is recognized as a best-in- class mixed-use community, highlighted by its pedestrian-friendly environment and amenities. We believe the successful leasing activity of our Class ‘A’ medical office buildings will continue with a pipeline of new users who will need high-quality and readily-available product in the years ahead,” Maykrantz added. According to St. John Properties, medical office buildings (MOBs) have a particularly optimistic future given the trend among consumers to seek health and wellness treatments at locations other than large hospital facilities located in urban areas.
12.5-Acre Site Within Montpelier Research Park Acquired
A joint venture partnership between St. John Properties Inc. and Greenebaum Enterprises has acquired a 12.5-acre site positioned within Montpelier Research Park. The Howard County business community is directly adjacent to the Maple Lawn mixed- use community and the JHU Applied Physics Laboratory campus in Fulton, Maryland. The partnership intends to speculatively develop two single-story flex/R&D buildings,
comprising nearly 70,000 square feet of space on the site, with delivery anticipated in 2026. St. John Properties’ signature product has proven to be successful at Maple Lawn, which features five 100 percent leased flex/R&D buildings. “Our success and experience with Maple Lawn demonstrate that this area of Howard County is well situated for further growth, in both the residential and commercial
Final Three Buildings at Maple Lawn to be Developed
A joint venture partnership between Greenebaum Enterprises and St. John Properties Inc. has revealed plans to construct the final three commercial buildings at Maple Lawn, a 605-acre mixed-use community in Howard County, Maryland. Development activities for the two medical office buildings and one inline retail building, cumulatively totaling nearly 85,000 square feet, are currently underway.
All three buildings are being developed on a speculative basis with lease inquiries starting immediately. Upon the expected delivery in late 2025, Maple Lawn will total 1.8 million square feet of Class “A” office, flex/R&D, and retail space within Maple Lawn.
“We are proceeding with tremendous confidence, fueled by the long-term success
For more information on Maple Lawn, visit: sjpi.com/maplelawn
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