ST. JOHN PROPERTIES ACQUIRES TWO ANNAPOLIS BUILDINGS TOTALING MORE THAN 100,000 SQUARE FEET
St. John Properties has expanded its presence in Annapolis with the acquisition of two commercial buildings totaling more than 100,000 square feet near Bestgate Road and Annapolis Mall. The company announced Oct. 13 that it acquired the property formerly known as Annapolis Commerce Park East, which has been renamed Bestgate Commerce Park. The acquisition includes 2001-2003 Commerce Park Drive, a 52,127-square-foot building, and 2009-2011 Commerce Park Drive, a 51,225-square-foot building. Together, the buildings contain 103,352 square feet of flex and research-and-development space. According to St. John Properties, the two buildings were collectively 75 percent leased to three tenants when the acquisition was announced. The purchase expands the company’s Anne Arundel County portfolio to approximately 6 million square feet of office, flex/office and retail space across 22 business communities. Bestgate Commerce Park is located off Bestgate Road, directly across from Annapol...
