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St. John Properties’ Greenleigh at Crossroads Advances With 100K SF in New Leases

| Commercial Real Estate News, Deals, Industrial, Leasing, Mixed-use, Office| Views: 311

 

Greenleigh at Crossroads, St. John Properties’ massive East Baltimore commercial real estate development, is gaining significant momentum with 100,000 square feet of new leases signed.

This recent activity includes existing tenant expansions, as well as new additions to the roster. The Williams Court and Crossroads Circle properties welcome Applied Technology Services and Paragon Consulting.

Leases signed with Baltimore County Gymnastics, The High Roads School, Alliance Franchise Brands, and Baltimore’s Premier Event Solutions bring the flex/R&D building at 11685 Crossroads Circle to 84% occupancy.

St. John Properties broke ground on this single-story, 54,000-square-foot property last fall, along with two other buildings totaling roughly 120,000 square feet. The neighboring 33,000-square-foot flex/R&D building at 11695 Crossroads Circle is expected to be complete by the end of this year.

The seventh deal is a full-building lease at the 40,000-square-foot 11675 Crossroads Circle, inked with an unnamed pharmaceutical company.

405-435 Williams Court (courtesy of Yardi Matrix)

Baltimore Crossroads Moves Forward

This marks the next phase of development for the 1,000-acre mixed-use business community that St. John Properties is developing in Middle River, along with Elm Street Development and Somerset Construction Co. Baltimore Crossroads concept plans include three mid-rise Class A office buildings totaling roughly 300,000 square feet of commercial space, which would accommodate 128,000 square feet of single-story office space, 116,000 square feet of retail space, and a 120-key SpringHill Suites by Marriott. According to the Baltimore Business Journal, the hotel is slated to open by February 2018.

When completed, the built-from-scratch Baltimore Crossroads community will support over 2.5 million square feet of commercial space (office, R&D/flex, warehouse, industrial and retail), alongside the Marriott hotel and the 1000 single-family homes and townhomes, as well as an estimated 500 multi-family units.

Richard Williamson, senior VP with St. John Properties, stated: “Our decision to develop commercial space utilizing a speculative building philosophy continues to pay dividends throughout our corporate portfolio. With available product on-hand, we are able to immediately respond to the diversified real estate requirements of end-users, including the expansion needs of existing tenants. Leasing activity at Greenleigh at Crossroads remains brisk, as companies recognize its status as the premiere mixed-use community in Baltimore County.”

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