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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. 


Inside The Story

Abby Glassberg

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition