Praemittias Group Inc. SIgns Lease with St. John Properties for 10,800 Square Feet of Space at Arundel Overlook
BALTIMORE (August 19, 2010) – Praemittias Group Inc. (PGI), a Denver, Colorado-based defense contractor with offices in Northern Virginia, Tennessee and Florida, has signed a lease with St. John Properties, Inc. for 10,800 square feet of space at 980 Mercantile Drive in Arundel Overlook. The 68-acre business community in Anne Arundel County, when completed, will feature approximately 313,000 square feet of R&D/flex space. The company joins 3Di Technologies – which leased 9000 square feet of space at the park last year – as the second defense contracting firm to select Arundel Overlook based on its proximity to Fort George G. Meade to satisfy Base Realignment And Closure (BRAC)-related activities. Praemittias intends to move 30 employees into the new space by this fall.
PGI specializes in unique systems integration, advanced training and specialized staffing with a focus on asymmetric warfare.
Positioned near the intersection of MD Routes 100 and 295 (Baltimore-Washington Parkway), Arundel Overlook consists of four single-story flex/office buildings totaling approximately 160,000 square feet of space. The business community is located adjacent to the Arundel Mills shopping mall and is situated just two miles from BWI Airport.
“Our portfolio of properties surrounding Aberdeen Proving Ground in Harford County and Fort Meade in Anne Arundel County continues to experience an increased velocity of leasing activity from the defense contracting community,” explained Jerry Wit, Senior Vice President – Marketing for St. John Properties, Inc. “The BRAC effect is noticeably enlarging and gaining momentum throughout the Baltimore-Washington region as campuses and facilities within the two army bases move closer to completion. Companies such as Praemittias Group and 3Di Technologies recognize that now is the time to lease new or expand existing facilities to improve the efficiency of their operations.”
St. John Properties, Inc., founded in 1971 as MIE Properties, owns and has developed more than 16 million square feet of R&D/flex, office, warehouse and retail space in Maryland, Colorado, Louisiana, Virginia and Wisconsin. For more information about the company, visit www.sjpi.com.
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For more information, contact:
Al Cunniff, Director of Marketing, St. John Properties, Inc.