St. John Properties Inc., the Baltimore-based commercial real estate development and management company, Monday announced a plan to speculatively develop 26 buildings, totaling more than 1 million square feet of commercial space in Maryland and across its national portfolio in 2023.
This follows the delivery of 18 buildings comprising more than 620,000 square feet of speculative commercial space and the acquisition of three commercial portfolios totaling 225,000 square feet in 2022.
The company opened new regional offices last year in Austin, Texas and Raleigh, North Carolina, bringing its presence to 10 states across the country. Since 1971, St. John Properties has developed more than 23 million square feet of space with plans to grow the size of its portfolio to more than 40 million square feet.
2023 construction deliveries will include: