Developer Starts Construction on Fourth Liberty Exchange Building

St. John Properties, Inc. recently started construction on its fourth building within Liberty Exchange Business community

The new 25,000 square foot office building joins three projects the company delivered last year: a 16,645 retail building, a 25,000 square foot office building and a 61,000 square foot research and development/flex space project.

After the newest building is completed next quarter, St. John Properties will have cumulatively delivered nearly 120,000 square feet of space to Liberty Exchange.

This represents the first venture into the Carroll County marketplace for St. John Properties, which owns more than 13 million square feet of space around the Baltimore-Washington metropolitan area, according to a press release. 

The latest office building, located at 5963 Exchange Drive, will feature 10 foot ceilings and free parking.

The single-story building will be configured to support a wide variety of office users including service-oriented companies, medical-related firms and physician practitioners and entrepreneurial-driven entities.

Last year, Orthopaedic Associates of Central Maryland, an 11-physician practice comprised of orthopedic surgeons, podiatrists, physical medicine and rehabilitation therapists, signed a lease for 12,240 square feet of space at 5961 Exchange Drive, the first building delivered in the park. Suburban Propane has also signed a lease within the business community. 

and have also moved into the business community. 

Upon completion, Liberty Exchange will be a corporate campus comprised of ten buildings, offering approximately 165,000 square feet of office and research and development space, plus retail space that will primarily service tenants and employees of the business community.

Intended uses for the retail portion includes a convenience store and bank on separate pad sites, as well as in-line retail offering a variety of products and services, according to the release. 

"Leasing activity within Liberty Exchange is proceeding ahead of our expected pace and timeframe, so we made the decision to construct a new office building to remain in front of demand in the marketplace," stated Jerry Wit, Senior Vice President, Marketing for St. John Properties.