December 7, 2023
, MedStar Expands Baltimore-Area Footprint – What is a Ground Lease?, Robert Khodadadian

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.

The post MedStar Expands Baltimore-Area Footprint appeared first on Commercial Property Executive.


In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings.

ground lease, ground leases, net lease, ground leases 101, ground lease nyc, skyline properties, skyline properties nyc, Robert Khodadadian, investment sales, broker, commercial real estate, skyline properties, commercial real estate, NYC real estate, ground lease, Skyline Properties, Skyline NYC, Skyline Properties NYC, New York City Real Estate, ground leases, commercial buildings, apartment buildings, townhouses, mixed use investment building, mixed use user buildings, live plus income buildings, industrial properties, NYC Real Estate, Real estate investment, commercial real estate, robert khodadadian, skyline properties, ground lease, net lease, investment sales, brokerage, manhattan real estate, off market broker, daniel shirazi, Off-market real estate

Read MoreBaltimore, Brokerage, Medical Office, Mid-Atlantic, News, Cushman & Wakefield, MedStar, St. John Properties Commercial Property ExecutiveThe firm will now occupy some 31,000 square feet at the medical office building.
The post MedStar Expands Baltimore-Area Footprint appeared first on Commercial Property Executive. 

Related Post

You Missed

Homemade pack foods.