Listening to clients and employees has resulted in consistently high occupancy rates for this Maryland-based CRE developer.
THE PEOPLE AT St. John Properties don’t just talk about a commitment to excellence, they practice it every day. A founding principle that permeates the DNA of the 180-person Maryland-based company is its focus on the long term when it comes to development, tenants, investors, buildings and the communities in which it works.
Launched in 1971 as Maryland Industrial Enterprises (MIE) by its chairman, Edward St. John, the company started with the construction of a single industrial building. Forty-seven years later, it owns more than 19 million square feet of office, flex/R&D, retail, warehouse, gaming and residential assets valued at $2.6 billion. The company serves 2,100 tenants (referred to as clients) at 150 projects located across eight states, including Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Utah, Virginia and Wisconsin. Its portfolio is expected to grow to more than 20 million square feet by the end of 2019.
The company initiated a corporate sustainability program in 2009 that has earned it the U.S. Green Building Council LEED certification on 43 buildings, representing more than 2.3 million square feet of space across the portfolio. Nearly every new building now developed is slated to earn LEED certification, with 29 buildings totaling more than 1.8 million square feet pending certification.
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