Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
St. John, Greenebaum Buy 12-Acre Site to Develop Office
A joint venture partnership between St. John Properties, Inc. and Greenebaum Enterprises has acquired a 12.5-acre site within Montpelier Research Park in Howard County, Maryland.
The site includes a two-story 32,488-square-foot office building, currently being marketed for lease. The partnership plans to develop two single-story flex/R&D buildings, totaling nearly 70,000 square feet, with delivery anticipated in 2026. KLNB’s Abby Glassberg and Don Schline represented the seller, the joint venture partnership was self-represented in this transaction.
“There remains a scarcity of properly-zoned and strategically-located acreage in the Baltimore-Washington, D.C. corridor that is also shovel-ready for new development opportunities and, as a result, interest in this parcel was fierce,” stated Abby Glassberg, Principal, KLNB. Montpelier Research Park is located near the intersection of MD Route 29 and Johns Hopkins Road, near the Maple Lawn mixed-use community and the JHU Applied Physics Laboratory campus in Fulton.
- ◦Sale/Acquisition
