{"id":1004069426,"date":"2013-03-25T07:40:34","date_gmt":"2013-03-25T15:40:34","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=111219"},"modified":"2020-04-13T03:58:49","modified_gmt":"2020-04-13T11:58:49","slug":"st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\/","title":{"rendered":"St. John Properties Constructing 320,000 Square Feet of Speculative Office Space in MD and VA"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">St. John Properties, Inc. has announced it began construction on five new <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/baltmaplawn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-111220\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/baltmaplawn.jpg\" alt=\"\" width=\"300\" height=\"183\" \/><\/a>speculative office buildings in the Greater Baltimore and Northern Virginia areas. Even though there has been little speculative office construction in recent years,\u00a0 the company is confident demand will rise and that it will find tenants to occupy the 320,000 square feet of space.<\/p>\n<p style=\"text-align: justify\">Three of the buildings are located in the Greater Baltimore area. They include two Class \u201cA\u201d office buildings and a R&amp;D\/flex building.<\/p>\n<p style=\"text-align: justify\">6170 Guardian Gateway is a new single-story, 25,160 square foot Class \u201cA\u201d office building in Harford County. It is part of The Government and Technology Enterprise (The GATE) project, a 416-acre business community located inside Aberdeen Proving Ground, and it is expected to be completed next month.<\/p>\n<p style=\"text-align: justify\">St. John Properties formed a \u00a0joint partnership with Greenebaum Enterprises, Inc. to construct 8135 Maple Lawn Boulevard. The four-story, 140,000 square foot Class \u201cA\u201d office building is located within Maple Lawn, a 600-acre mixed-use business community in Howard County. Construction on 8135 Maple Lawn Boulevard is expected to be completed this fall.<\/p>\n<p style=\"text-align: justify\">Construction is underway on 809 Pinnacle Drive. It is a 51,240 square foot, single-story,\u00a0 flex building located near the BWI Airport, at BWI Technology Park II in Anne Arundel County. 809 Pinnacle Drive will be finished in late spring.<\/p>\n<p style=\"text-align: justify\">The two buildings in Northern Virginia<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/baltimooofice.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-111221\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/03\/baltimooofice.jpg\" alt=\"\" width=\"300\" height=\"245\" \/><\/a> are 44190 Waxpool Road and 44200 Waxpool Road. They are two single-story R&amp;D\/flex office buildings, totaling 54,120 square feet and scheduled for completion this May. Both are located within Ashburn Technology Park, a business community near the Washington Dulles International Airport.<\/p>\n<p style=\"text-align: justify\">Jerry Wit, senior vice Ppesident, marketing for St. John Properties, is optimistic and expects to see economic growth in the region. \u201cDespite persistent reports of economic uncertainty, general business indecision and a perceived slowdown in leasing activity, we see pockets of tremendous opportunity and sustained growth in select submarkets in the Maryland and Northern Virginia marketplace,\u201d he said in a press statement. \u201cOur company is taking full advantage of the retrenched posture of many commercial office developers who have adopted a wait-and-see approach to new construction. We intend to remain several steps ahead of the leasing momentum that we believe will continue throughout the region, in an effort to immediately respond to our customers\u2019 space requirements.\u201d<\/p>\n<h6 style=\"text-align: justify\">Photo credits: <a href=\"https:\/\/www.sjpi.com\" target=\"_blank\" rel=\"nofollow\">St. John Properties<\/a><\/h6>\n<h6 style=\"text-align: justify\">Charts courtesy of <a href=\"https:\/\/www.cbre.us\/\" target=\"_blank\" rel=\"nofollow\">CBRE<\/a>.<\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>St. John Properties, Inc. has announced it started construction activities on five new speculative office buildings in the Greater Baltimore and Northern Virginia areas. Even though there has been little speculative office construction in recent years,  the company is confident demand will rise and that it will find tenants to occupy the 320,000 square feet of space.<\/p>\n","protected":false},"author":925,"featured_media":1004507073,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21742],"tags":[],"class_list":["post-1004069426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>St. John Properties Constructing 320,000 Square Feet of Speculative Office Space in MD and VA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. John Properties Constructing 320,000 Square Feet of Speculative Office Space in MD and VA\" \/>\n<meta property=\"og:description\" content=\"St. John Properties, Inc. has announced it started construction activities on five new speculative office buildings in the Greater Baltimore and Northern Virginia areas. Even though there has been little speculative office construction in recent years, the company is confident demand will rise and that it will find tenants to occupy the 320,000 square feet of space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-25T15:40:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T11:58:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/baltmaplawn.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"St. John Properties Constructing 320,000 Square Feet of Speculative Office Space in MD and VA\",\"datePublished\":\"2013-03-25T15:40:34+00:00\",\"dateModified\":\"2020-04-13T11:58:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/\"},\"wordCount\":402,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/baltmaplawn.jpg\",\"articleSection\":[\"Baltimore\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-constructing-320000-square-feet-of-speculative-office-space-in-md-and-va\\\/\",\"name\":\"St. John Properties Constructing 320,000 Square Feet of Speculative Office Space in MD and VA - 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