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Washington DC & Mid-Atlantic  + Baltimore  + Office  |  November 19, 2025
Jasmine Kilman
By: Jasmine Kilman

SJP Acquires Land in Salisbury to Develop Mixed-Use Property

St. John Properties, Inc. has acquired 24 acres of land in Salisbury, Maryland, with plans to develop Salisbury Exchange, a new mixed-use business community.

The project is designed to include approximately 220,000 square feet of flex/R&D space and 8,000 square feet of inline retail space. Located along E. Naylor Mill Road, Salisbury Exchange represents St. John Properties’ second commercial development in Wicomico County, joining Westwood Commerce Park, a 16-acre business community at the intersection of Ocean Gateway and Naylor Mill Road. The company plans to initiate speculative development on Phase I of Salisbury Exchange next spring, with deliveries anticipated in 2027.

The first phase of Salisbury Exchange comprises two speculative flex/R&D buildings, totaling approximately 75,000 square feet, with delivery scheduled for 2027. Salisbury Exchange is located adjacent to The Centre at Salisbury, a nearly 900,000-square-foot super-regional mall. The business community is situated three miles from downtown Salisbury and just over 20 miles from Berlin, Maryland, and Millsboro, Delaware.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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