StJohn_v22n2

NEWS

MARYLAND

Floor & Decor to Open Second Baltimore Area Location at Glen Burnie Crossing

UTAH

Floor & Decor, the leading high-growth retailer specializing in hard-surface flooring for homeowners and professionals, has chosen Glen Burnie Crossing as the site for its second location in the greater Baltimore region, and fourth in Maryland. The Atlanta- based company, which operates over 200 warehouse stores and five design studios across 36 states, has signed a ground lease with St. John Properties, Inc. with building construction scheduled to be completed next year. The warehouse store and design center will open with a team of about 50 full-time and part-time associates. Floor & Decor opened its first Baltimore- area store in Baltimore County’s Parkville community last year, and has additional locations in Gaithersburg, Capitol Heights and Silver Spring, MD. “As we are a long-term holder of commercial properties, this ground lease allows St. John

St. John Properties Breaks Ground on New 47-Acre Development Phase in Utah at Valley Grove

Properties to maintain ownership, while Floor & Decor develops their own site and prototype building to meet its specific real estate requirements,” stated Bill Holzman, Vice President of Retail Leasing for St. John Properties. “During its real estate search, Floor & Decor sought high-growth areas with dense residential populations, strong consumer demographics and proximity to strong regional retailers, and Glen Burnie Crossing was able to deliver each of these attributes.”

St. John Properties joined with Utah Governor Spencer Cox, Mayor of Pleasant Grove Guy Fugal and other community leaders unveiled plans and broke ground on the newest phase of Valley Grove in Pleasant Grove, Utah. Fronting I-15, “Phase VI” will consist of approximately 47 acres of mixed-use development featuring commercial office and retail space, luxury residential, and a central promenade which will pay homage to the State of Utah and surrounding community. “Valley Grove and the other St. John Properties business communities are among the State’s brightest stars for growth,” said Utah Governor Spencer Cox. “This central hub of Pleasant Grove is charting the course for continued prosperity in top ranked Utah Valley. St. John Properties is at the center of this expansion.” Development of Valley Grove began in 2016 and includes 128 total acres. The next phase is a unique combination of commercial and residential that is expected to fill quickly, based on St. John Properties’ current 90+ percent occupancy of commercial space within Valley Grove. St. John Properties continue to strengthen with this next phase of development,” stated Daniel Thomas, regional partner for St. John Properties. “This next phase of Valley Grove will symbolize and encompass the affinity and gratitude that we have for this amazing community.” “The partnerships between the City of Pleasant Grove, the State of Utah and

10-Court Indoor Pickleball Venue Coming to Greenleigh

Seeking to capitalize on the continued demand for indoor pickleball courts, a group of investors including Gil Schuerholz, is bringing a new 10-court indoor pickleball venue to Baltimore County. The 27,130 square foot Pickleball House will open in early November at Greenleigh, the 1,000-acre mixed-use business community located in Middle River, Maryland. “Our group fully realizes that a number of operators are rushing to bring new indoor pickleball venues to market based on the sport’s popularity, but we intend Pickleball House to be a world-class facility featuring top-of-the-line finishes that others will wish to emulate,” stated Gil Schuerholz, an investor of Pickle Ball House. “The facility will be state-of-the-art in every way, accommodate all player skill levels from beginner to professional, and staffed by a highly-experienced team". Schuerholz, explains that each court will be professionally measured to adhere to the legal 30 x 60-foot size, and the facility will be equipped with enhanced lighting and

acoustical treatments to provide the highest quality playing experience. Pickleball House will also feature full service locker rooms with showers, a pro shop, and televisions in the lounge areas. This is the third pickleball venue in the St. John Properties portfolio, joining recently- opened The PutAway in I-97 Business Park in Millersville, Maryland, and the Baltimore Pickleball Club, which is scheduled to be operational at Timonium Exchange later this year. “There’s no denying the rapid growth of pickleball throughout the country. With 18-foot ceiling heights and an adjacent free surface parking lots, our signature flex/R&D buildings are perfectly-suited to support this use,” stated Matt Lenihan, Senior Vice President, Leasing for St. John Properties.

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