St. John Properties Plans Maryland Mixed-Use Campus
Scheduled to come online in 2025, the first phase will include R&D and retail space.
St. John Properties has purchased an 82-acre site in Waldorf, Md., with plans to develop Berry Pointe, an approximately 635,000-square-foot mixed-use business campus.
The project marks the company’s first development in Charles County. Upon completion, Berry Pointe is expected to support more than 2,100 jobs in the area.
Stout Real Estate & Development’s Tara Stout represented the seller during the land acquisition, while St. John Properties was represented in-house. The land changed hands for $10 million, according to Charles County public records.
Berry Pointe will consist of 12 buildings totaling 550,000 square feet of R&D space, two buildings totaling approximately 60,000 square feet of single-story office space and some 70,000 square feet of retail space spread across two in-line buildings. The retail component will also provide a rich amenity package for the business community’s future tenants.
A new business campus
The office buildings will feature 10-foot clear heights, ample parking spots and suites sizes from 2,240 square feet to 33,660 square feet, while the LEED-designed R&D buildings will include 18-foot clear heights, drive-in doors and dock loading capabilities and suites from 2,500 to 59,640 square feet.
Phase I consists of two R&D buildings totaling nearly 98,000 square feet and one inline retail property encompassing 11,000 square feet. The project’s initial phase is expected to be delivered in early 2025. The remaining office, flex and retail planned buildings will be developed based upon the project’s leasing pace.
The 82-acre development is situated along Maryland Route 228 and 18 miles from Alexandria, Va., 25 miles from Washington, D.C. and within 56 miles of downtown Baltimore. St. John Properties’ Vice President of Retail Leasing, Bill Holzman, together with Leasing Representative Mike White will be leading the project’s leasing activities.
A similar project in St. John Properties’ pipeline is Wake Forest Exchange, a mixed-use campus in Wake Forest, N.C. The developer purchased 30 acres earlier this month, with plans to develop six buildings totaling 165,000 square feet that will include office, flex and retail space.
In January, the company picked up a three-building Baltimore-area office portfolio encompassing more than 120,000 square feet, with plans to convert one of the buildings to flex/R&D.
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