MagView Signs Lease for 15,000 Square Feet at Maple Lawn Mixed-Use Community
MagView, which markets its products internationally, intends to relocate corporate headquarters and 75 employees from Montgomery County to mixed-use community this fall
BALTIMORE, MD (October 21, 2019) – Medical software firm MagView has signed a lease with St. John Properties, Inc. for 15,000 square feet of space within 8110 Maple Lawn Boulevard, located in the mixed-use community of Maple Lawn in Howard County, Maryland. The company, which markets its products to outpatient imaging centers and hospitals internationally, intends to relocate its corporate headquarters and approximately 75 employees from Montgomery County to this four-story, 104,412 square foot Class “A” commercial office building this fall. Claire Cobert and Sean Doordan of St. John Properties represented the landlord in this leasing transaction.
“Our company outgrew our existing facilities and continues to expand rapidly and, as we embarked on a long-term operational strategy, we believed it was essential for our new location to be easily accessible to a highly-skilled technical workforce,” explained Bryan Chapin, President and CEO of MagView. “We began looking closer at Maple Lawn due to the numerous technology firms contained within the community. The location became increasingly attractive based on the employee-centric amenities including multiple restaurants and shopping embedded within the community. We believe that Maple Lawn will significantly improve our ability to recruit and retain employees. In addition, the new building is less than five miles from our existing location so the commutes and lifestyles of our current employees will not be adversely impacted.”
MagView develops and markets a variety of software solutions utilized by physicians and other medical professionals that track information about patients undergoing mammography and other breast imaging exams. This data is used to help improve patient outcomes, particularly among those considered high-risk. The company, which also markets software products targeting lung cancer patients, currently works with more than 2,500 healthcare facilities internationally.
Maple Lawn is being developed by St. John Properties and master developer Greenebaum Enterprises and is located at the intersection of MD Routes 29 and 216 in Fulton, MD. The mixed-use community is located approximately three miles from Interstate 95 and the Inter-County Connector, 20 minutes from BWI Airport, 22 miles from Baltimore and 30 minutes from downtown Washington, D.C.
“The presence of companies such as Cisco, DataTribe, IronNet Cybersecurity, Konica Minolta, Presidio, Stratus Solutions, RackTop, and Raytheon have positioned Maple Lawn as a hub for technology companies in the Baltimore-Washington, D.C. corridor. This trend continues with MagView’s decision to relocate its headquarters here,” stated Sean Doordan, Senior Vice President of Leasing and Acquisitions for St. John Properties. “We are extremely impressed with the leadership of MagView and their ability to capture market share in the competitive healthcare industry. We believe the high-energy environment of Maple Lawn provides the company a strong corporate advantage that will help facilitate its momentum.”
8110 Maple Lawn Boulevard was recently certified LEED Gold by the U.S. Green Building Council. LEED buildings create healthier environments for building occupants, have reduced operating costs and make commercial office buildings more energy efficient. Since 2009, St. John Properties has achieved LEED certification in more than 65 buildings encompassing approximately four million square feet of space.
Maple Lawn is a mixed-use community that currently contains more than one million square feet of commercial office, research and development/flex, plus medical space and retail uses in a “Main Street-style” environment. Companies that maintain operation in Maple Lawn include Regus, NewDay USA, Mosaic Technologies, Offit Kurman, Strategic Wealth Management Group, and WindowNation. The retail component includes merchants such as Harris Teeter, Looney’s Pub, Lib’s Grill, Chipotle, Hudson Coastal, Ranazul, Ananda, Sidamo Coffee & Tea, SteelFire Kitchen & Bar, and others. More than 1.2 million square feet of commercial office space and 120,000 square feet of retail space is planned with Maple Lawn’s commercial district, in addition to 1,452 housing units.
St. John Properties, Inc., founded in 1971, owns and has developed more than 20 million square feet of R&D/Flex, Office, Retail and Warehouse space in Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Virginia, Utah and Wisconsin. The company was named “2018 Developer of the Year” for the Nation by NAIOP, the Commercial Real Estate Development Association. For more information about the company, visit www.sjpi.com.