O WNERS , D EVELOPERS & M ANAGERS
Mid Atlantic Real Estate Journal — July 26 - August 15, 2013 — Section B
www.marejournal.com
Representing 250,000+ s/f of multi-story & single-story office, R&D/flex and retail space in MD St. John Properties unveil plans to initiate construction on ten new buildings by mid-Sept.
ALTIMORE, MD — St. John Properties, Inc. has unveiled plans to initiate construction on ten multi-story and single-story office, R&D/flex and retail buildings by mid-September at six business communities in Maryland, ranging from Reis- terstown in Baltimore County to Annapolis in Anne Arundel County. Totaling more than 250,000 s/f of space, the new buildings are being constructed on a speculative basis with no pre-leasing commitments. In March of this year St. B HIͳLIGHTS JULY 26 - AUGUST 15, 2013
• Near Baltimore-Washing- ton International Airport, St. John Properties is set to break ground on a 24,190 s/f office building at Rte. 100 Technol- ogy Center, located near the intersection of MD Rte. 100 andMaryland Rte. 295, as well as a 13,325 s/f retail building at BWI Technology Park II on West Nursery Rd. at MD Rte. 295. • In addition, three new single-story and two-story office buildings, cumulatively totaling nearly 100,000 s/f of space, will soon begin to rise at Annapolis Commons, a new business community, situated on Harry S Truman Parkway near Riva Rd., adjacent to Anne Arundel County govern- ment offices. “The entire St. John Proper- ties portfolio is experiencing strong and sustained leasing activity, and the addition of this new speculative product is timed to continue this mo- mentum and stay ahead of the accelerated demand that we envision,” Wit added. ■ the property will consist of 378 luxury residential units, 25,517 square feet of ground- floor retail space and a 309- space subterranean parking garage. The residential por- tion will include studio, one-, two- and three-bedroom floor plans that will feature high ceilings, hardwood floors and custom kitchen finishes. Community amenities in- clude 24-hour concierge ser- vice, fitness center with spin room, tranquility garden, courtyard, gaming lounge, pet spa and rooftop dog walk, rooftop swimming pool and deck, hot tub, cabanas and fire pit, community vegeta- ble garden and electric car charging ports. The HFF debt placement teamwas led by Sue Carras, Walter Coker and Brian Crivella . ■
developers remaining passive, St John Properties envisions tremendous opportunities in the short and long-term.” • In the Reisterstown/Ow- ings Mills section of Baltimore County, St. John Properties plans to break ground on two flex office buildings on Easter Ct. off Dolfield Blvd. near I- 795, in addition to a 12,675 s/f retail building and a 14,280 s/f one-story office building in Reisterstown Crossing. Positioned near Westminster Pike and I-795, Reisterstown Crossing will contain nearly 100,000 s/f of office and retail space upon completion and will also serve the Carroll County marketplace. • Plans are also underway for a 8,125 s/f retail building at 4001 North Point Blvd. in the Dundalk section of Baltimore County. St. John Properties recently sold an eleven-acre parcel of land at this former North Point Drive-In site to K. Hovnanian Homes for the development of a 108-unit up- scale town home community.
Office building rendering
Northern Virginia market- places, and we are aggressively reacting to this trend with a combined half-million s/f of new product this year,” said Jerry Wit , senior vice presi- dent, marketing for St. John Properties. “The sustained velocity of new residential housing starts has fueled our optimism in the retail sector, and we also detect strong economic drivers such as the expanding healthcare indus- try and cyber-security initia- tives in and around mature federal government facilities. With many other commercial
WASHINGTON, D.C. – HFF arranged $100.7 mil- lion in financing for 701 2nd Street Apartments, a five-star, 10-story, class A, transit-oriented urban infill multi-housing and retail development in the H Street submarket of Washington, D.C. HFF worked on behalf of Fisher Brothers to place the 20-year, construction-to- permanent loanwith an insti- tutional investor represented by Cornerstone Real Es- tate Advisers, LLC , one of the world’s largest real estate investment managers. The property is located at 701 2nd Street, Northwest at the convergence of Wash- ington, D.C.’s Capitol Hill, NoMa and H Street Corridor neighborhoods. Due for com- pletion in December 2014, John Properties announced that it has begun construction on five buildings totaling over 320,000 s/f at business parks at Maple Lawn, The GATE at APG, Ashburn Technology Park and BWI Technology Park II. The March and July an- nouncements represent a com- bined total of nearly 600,000 s/f of new office, R&D/flex and retail construction by St. John Properties thus far this year. “Our research indicates sus- tained pent-up demand for strategically-positioned office and retail space throughout the Central Maryland and
Architects & Engineers
HFF arranges $100.7 million financing for classA multi-housing development in Washington, D.C.
9-20B
Company of the Month C.S. Davidson
14-16B
ALSO GÙÄ B箽®Ä¦Ý .......21-26B USGBC NJ........................26B NJAA ...............................27B IREM ........................ 28-IBCB www.marejournal.com
701 2nd Street Apartments rendering
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