St. John Properties Breaks Ground on Three New Buildings at Arcadia Business Park in Frederick, MD
Construction activity represents Phase I of development that, at final build-out, will include approximately 600,000 square feet of Flex/R&D and bulk/warehouse space
FREDERICK, MD (December 5, 2018) – St. John Properties, Inc., a full-service commercial real estate development company with more than 19 million square feet of space, has broken ground on three buildings within Arcadia Business Park in Frederick, Maryland totaling nearly 200,000 square feet of Flex/R&D and bulk/warehouse space. Representing Phase I of the construction for the 61-acre business community situated at MD Route 85 (Buckeystown Pike) and Arcadia Drive, the project is configured to support approximately 600,000 square feet of space among eight buildings. Each of the three buildings now under construction will be delivered in summer 2019.
St. John Properties is currently constructing two single-story Flex/R&D buildings consisting of 37,080 square feet of space and 45,120 square feet of space. The buildings feature 16 to 18 foot clear ceiling heights, dock and drive-in loading and suite sizes beginning at 2,520 square feet. A free surface parking lot surrounds both buildings. Also under construction is a bulk/warehouse building, consisting of 112,000 square feet of space, similar to the last two constructed by St. John Properties in Frederick, Maryland along both English Muffin Way and Georgia Pacific Blvd. The structure features 32-foot minimum clear heights, generous 50 by 52 foot column spacing, abundant glass and skylights, and suite sizes beginning at 10,400 square feet of space. The rear of the building has dock and drive-in loading with a 130-foot deep single-loaded truck court. A free surface parking lot also surrounds this building.
“Arcadia Business Park is in an economically-robust and vibrant region with rapidly-expanding employers, diverse amenities and a range of available housing choices. With this Phase I of development, we intend to contribute significantly to the momentum and business growth in Frederick County,” stated Matt Holbrook, Regional Partner for St. John Properties. “The philosophy of St. John Properties is to continually build speculative space to meet the real estate needs of our clients, and we see numerous drivers in this region that will continue long-term demand including the e-commerce, bio-technology, medical/healthcare, and service sectors. Additionally, improved infrastructure is becoming a difference-maker for this corridor with recently completed improvements to Route 85, pending improvements to the Route 85/I-270 interchange, and future widening of I-270.”
Arcadia Business Park is ideally located to service the Washington-Baltimore Metropolitan Region with its proximity to I-270, I-70, US 15, and MD Route 355. Fast-growing Loudoun County, Virginia is located just 10 miles away via US 15 at Point of Rocks; Montgomery County is 10 miles south on I-270, Howard County, Maryland is 20 miles east on I-70; Interstate 495/Capital Beltway is 30 miles away and Washington-Dulles International Airport can be accessed in less than 40 miles. Downtown Washington, D.C. is approximately 40 miles from the site and Baltimore-Washington International Airport is less than 50 miles away. In addition, approximately 50% of the United States population can be accessed within a one-day truck drive from the development.
“We have been tracking the tremendous velocity of the warehouse, industrial and bulk product categories across the country and are extremely optimistic about the users in this market to absorb this space based on its location near major population centers and interstates,” Holbrook added. “The space demands among national retailers in particular have been unprecedented in recent years, as driven by the same-day or next-day delivery expectations of the American consumer. The 112,000 square building size is extremely flexible and large enough to support users involved in logistics, manufacturing and warehousing.”
St. John Properties, Inc., founded in 1971, has developed/constructed and owns its portfolio of more than 19 million square feet of Flex/R&D, Office, Retail and Warehouse space in Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Virginia, Utah and Wisconsin. The company was named the national “2018 Developer of the Year” by NAIOP, the Commercial Real Estate Development Association. For more information about the company visit www.sjpi.com.