St. John Properties Partners with Reliable Contracting Co. to Develop Business Park Near Baltimore
CoStar | Yanique Campbell-Jennings
JV Breaks Ground on Waugh Chapel Business Park in Gambrills, Maryland
St. John Properties, Inc., in a joint venture partnership with Reliable Contracting Company, broke ground on the first phase of Waugh Chapel Business Park, a seven-building business community totaling 225,000 square feet in Gambrills, Maryland.
Plans for the flex buildings at 980-987 Waugh Chapel Way call for 18-foot clear ceiling heights and dock or drive-in loading doors. Adjacent to Waugh Chapel Town Centre off MD Route 3, the park is less than 15 miles from Baltimore/Washington International Thurgood Marshall Airport.
Richard Williamson, a senior vice president of leasing and marketing for St. John Properties, said in a statement, “Anne Arundel County has been among the most prolific commercial real estate markets in our portfolio for the past several years, and we are proceeding with approximately 100,000 square feet of speculative development at Waugh Chapel Business Park with tremendous confidence.”
The first phase of the project is slated to deliver by the third quarter of 2019.
Headquartered in Baltimore, St. John Properties owns and has developed more than 19 million square feet of commercial space since its launch in 1971, according to its website.