St. John Properties has acquired 7750 Montpelier Road in Maple Lawn, Md., from the Maryland Institute of Integrative Health (MUIH) for $8.25 million. The sale includes a 32,488-square-foot, two-story office/education facility, and two additional undeveloped parcels of land totaling 5.96 usable acres.
John Properties plans to develop multiple single-story office/flex buildings. MUIH has entered a short-term buyback lease that will provide income to St. John Properties while planning and construction are underway.
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.