MedStar Expands Baltimore-Area Footprint
The firm will now occupy some 31,000 square feet at the medical office building.
The LEED Gold-certified property features 25,000-square-foot floorplates. Image by Jeff Sauers Photography, courtesy of CPI Productions
MedStar Medical Group has expanded its office footprint in Annapolis, Md., with the signing of a 19,739-square-foot lease at 810 Bestgate Road, a 100,000-square-foot medical office building. Cushman & Wakefield represented the tenant, while the landlord, St. John Properties, was represented in-house.
In September, MedStar Health signed another lease of approximately 11,000 square feet at the same building, its current footprint totaling some 31,000 square feet of office space. The building’s tenant roster includes LifeStance Health, Maryland Oncology Hematology and Premier Allergist.
Completed in 2020, the speculative building is now fully leased. 810 Bestgate Road is part of a two-building campus comprising 128,000 square feet of commercial office space. The LEED Gold-certified property features 25,000-square-foot floorplates and some 450 parking spaces.
The 6.8-acre site is some 3 miles from downtown Annapolis, while Luminis Health Anne Arundel Medical Center is less than a mile away. Retail centers in the area include Westfield Annapolis Mall and Annapolis Town Centre, located within a 2-mile radius. Interstate 97 is 3 miles away, while Baltimore/Washington International Airport is 20 miles northwest.
Cushman & Wakefield’s team that secured the deal included Executive Director Matthew Sullivan and Senior Associate Paige Wingate.
St. John Properties grows Baltimore portfolio
Earlier this year, St. John Properties announced the development of a 635,000-square-foot mixed-use business campus in Waldorf, Md., that will include 550,000 square feet of R&D, retail and office space. The first phase of the project is slated for completion in early 2025.
In January, the firm acquired a three-property office portfolio in Glen Burnie, Md. Aviation Business Park, which traded for $13.3 million, comprises more than 120,000 square feet of office space.
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