Fastenal Signs Two Leases with St. John Properties in Frederick Area for More Than 10,000 Square Feet of Space
BALTIMORE, MD (March 10, 2014) – Fastenal (Nasdaq: FAST), recognized as North America’s largest distributor of fasteners, has signed two leases with St. John Properties, Inc. in the Frederick area totaling more than 10,000 square feet of space. Fastenal, which operates more than 2,600 stores throughout the United States, Canada and Mexico, signed a lease for 6000 square feet at 5115 Pegasus Court in Westview Business Park and 4020 square feet at 8420 Gas House Pike in Riverside Technology Park.
Danny Severn of St. John Properties represented the landlord and Chris DeLuca of McHenry Project Consultants represented the tenant in both transactions.
Headquartered in Winona, Minnesota, Fastenal will utilize these spaces to market a wide variety of products targeting the construction and industrial sector, including hand, power and cutting tools; electrical and plumbing supplies; office products and furniture; chemical and paints; and fastener accessories such as screws, bolts and clamps. The company also operates stores throughout Central and South America, Europe and Asia.
Fastenal selected two separate locations in Frederick to provide for its customers on the northern and southern sides of town. Westview Business Park is a 430,000 square foot business community on the southern side of Frederick at the intersection of Interstate 270 and MD Route 85 (Buckeystown Pike) at Pegasus Court. Riverside Technology Park is a 490,000 square foot business community on the northern side of town positioned between US 15/Interstate 270 and Interstate 70 on Monocacy Boulevard.
“Both properties achieve Fastenal’s objective for centrally-located stores in high-quality environments surrounded by healthy and growing businesses,” stated Matt Holbrook, Regional Partner for St. John Properties. “The ground-level location, abundant parking and quick access to major highways make both new locations extremely convenient and accessible for the company’s customer base.”
About St. John Properties
St. John Properties, Inc., founded in 1971, owns and has developed more than 17 million square feet of R&D/flex, office, retail and warehouse space in Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Virginia and Wisconsin. For more information about the company, visit www.sjpi.com.
For more information, contact:
Al Cunniff, Director of Marketing, St. John Properties, Inc.