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MedStar Medical Group has expanded its workplace footprint in Annapolis, Md., with the signing of a 19,739-square-foot lease at 810 Bestgate Highway, a 100,000-square-foot medical workplace constructing. Cushman & Wakefield represented the tenant, whereas the owner, St. John Properties, was represented in-house.
In September, MedStar Well being signed one other lease of roughly 11,000 sq. ft on the similar constructing, its present footprint totaling some 31,000 sq. ft of workplace area. The constructing’s tenant roster consists of LifeStance Well being, Maryland Oncology Hematology and Premier Allergist.
Accomplished in 2020, the speculative constructing is now totally leased. 810 Bestgate Highway is a part of a two-building campus comprising 128,000 sq. ft of economic workplace area. The LEED Gold-certified property options 25,000-square-foot floorplates and a few 450 parking areas.
The 6.8-acre website is a few 3 miles from downtown Annapolis, whereas Luminis Well being Anne Arundel Medical Middle is lower than a mile away. Retail facilities within the space embody Westfield Annapolis Mall and Annapolis City Centre, situated inside a 2-mile radius. Interstate 97 is 3 miles away, whereas Baltimore/Washington Worldwide Airport is 20 miles northwest.
Cushman & Wakefield’s workforce that secured the deal included Govt Director Matthew Sullivan and Senior Affiliate Paige Wingate.
St. John Properties grows Baltimore portfolio
Earlier this yr, St. John Properties introduced the event of a 635,000-square-foot mixed-use enterprise campus in Waldorf, Md., that can embody 550,000 sq. ft of R&D, retail and workplace area. The primary section of the challenge is slated for completion in early 2025.
In January, the agency acquired a three-property workplace portfolio in Glen Burnie, Md. Aviation Enterprise Park, which traded for $13.3 million, contains greater than 120,000 sq. ft of workplace area.
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