St. John Properties Reveals Plans to Deliver 23 Buildings in 2022
BALTIMORE, MD – St. John Properties, Inc., projects to deliver 23 buildings, totaling over 880,000 square feet of Class ‘A’ commercial office, flex/R&D, retail and warehouse space across its national portfolio in the coming year. This activity follows the company’s pace in 2021 which resulted in the construction of 17 buildings comprising nearly 800,000 square feet of space. In keeping with St. John Properties’ corporate strategy to remain ahead of client demand, each of the buildings was, or is currently being constructed on a speculative basis.
“We continue to experience extremely strong leasing activity across our national portfolio, with the majority of client needs coming from the technology, defense, healthcare and professional service industries,” stated Lawrence Maykrantz, President & CEO for St. John Properties.
In the Maryland region, St. John Properties completed eight buildings comprising more than 400,000 square feet of space in 2021 with activity highlighted by the delivery of 8130 Maple Lawn Boulevard, a four-story, 115,000 square foot Class ‘A’ commercial office building within the esteemed Maple Lawn mixed-use community in Howard County, a project which has been developed by St. John Properties and Greenebaum Enterprises.
In 2022, the company expects to deliver ten buildings totaling over 320,000 square feet of space throughout Anne Arundel, Baltimore, Prince George’s and St. Mary’s counties. In addition, St. John Properties intends to deliver three buildings totaling 205,000 square feet of space in Frederick, Maryland.
Construction activity remains steadfast in regional offices around the country
The leasing pace in the company’s regional offices situated throughout the country mirrored the Maryland region, resulting in the continuation of speculative construction activity nationally. Three buildings, totaling more than 135,000 square feet of space will be constructed in Northern Virginia. The Baton Rouge, Louisiana office is proceeding with two flex/R&D projects totaling more than 60,000 square feet of space. In addition, five flex/R&D and retail buildings totaling over 155,000 square feet will deliver in the Valley Grove and Spring Pointe Exchange business communities, south of Salt Lake City in Utah in 2022.
Mission for sustainability continues with goal of 100 LEED-certified buildings by year-end
St. John Properties is continuing its mission to develop sustainable buildings, while maintaining indoor environments that promote employee wellness and conserve energy. Eight buildings earned LEED certification in 2021, with an expected 10 new certifications in 2022, the company expects to have 100 LEED-certified buildings by year-end.
In response to the COVID-19 crisis, St. John Properties launched its UV Whole Building Air Purification process last year. This multi-step strategy featured the installation of UV-C light disinfecting systems designed to eliminate airborne pathogens such as fungal spores, bacteria and viruses that pass through a building’s HVAC equipment.
“The conservation of energy and natural resources, along with the ongoing need to develop and innovate environmentally-friendly buildings have become a priority in attracting new tenants, and we intend to remain an industry leader in this important movement,” Maykrantz explained. “We are also working toward a scalable solar program to be included on newly designed buildings.”
“We are confident in maintaining our aggressive speculative construction schedule and anticipate another strong year in 2022,” Maykrantz added.
Founded in 1971, St. John Properties, Inc. is one of the Mid-Atlantic’s largest privately held commercial real estate firms. The company is distinguished by its commitment to customer service, achievements in green building, and top-rated workplace culture. Throughout St. John Properties’ 51-year history, the company has developed more than 22 million square feet of flex/R&D, office, retail and warehouse space serving more than 2,500 clients in Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Virginia, Utah, and Wisconsin. For more information about the company, visit www.sjpi.com.