Lexington Exchange Continues Momentum with Major Retail Commitment in St. Mary’s County

Mixed-use development attracts nationally-recognized retailer as leasing and development activity accelerates

BALTIMORE, MD - St. John Properties, Inc. announced the sale of a 13.52-acre parcel to The Home Depot, marking another significant milestone for Lexington Exchange, its 140-acre mixed-use business community in California, Maryland. St. John Properties' Alex Lyons, Assistant Vice President, Acquisitions and Bill Holzman, Senior Vice President, Retail, handled negotiations on behalf of the developer, while Greg Ferrante, Executive Vice President of Segall Group, represented the purchaser.

The Home Depot has committed to Lexington Exchange with plans to open its first location in Southern Maryland. The retailer will join an expanding lineup of businesses that includes grocery store ALDI, convenience store Royal Farms, Chipotle Mexican Grill, and RC Theatres. Lexington Exchange is minutes from Patuxent Naval Air Station, which employs more than 20,000 military and civilian personnel.

"The Home Depot is one of the nation's most respected and recognizable retail brands, and we are proud that it has selected Lexington Exchange for its first Southern Maryland location. Its arrival represents a significant win for St. Mary's County, the local business community and consumers throughout the region," stated Andrew Roud, St. John Properties' Regional Partner for Southern Maryland. "Its arrival in the area will bring an influx of new full- and part-time jobs, creating a direct and lasting economic impact on St. Mary's County. It will also provide homeowners and local businesses with a convenient resource for the products and services they need for their projects."

This marks the latest addition to Lexington Exchange's growing roster of retail, office and service-oriented users and reinforces the development's position as a premier destination for business, employment and consumer activity in Southern Maryland.

The business community presently contains five buildings, including approximately 120,000 square feet of flex/R&D space and 65,000 square feet of retail. Located along Three Notch Road (MD Route 235) and within one-half mile from Patuxent Beach Road (MD Route 4), the park is configured to support approximately 600,000 square feet of commercial space.

St. John Properties and development partner Chaney Enterprises are presently marketing several pad sites at Lexington Exchange suitable for restaurants, financial institutions, or urgent care facilities. Nearly 45,000 consumers reside within a five-mile radius, and approximately 35,000 vehicles pass Lexington Exchange daily via Three Notch Road.

Founded in 1971, St. John Properties, Inc. is one of the nation's largest and most successful privately held commercial real estate firms. The company is distinguished by its commitment to customer service, achievements in green building, and top-rated workplace culture. Throughout St. John Properties' 55-year history, the company has developed more than 25 million square feet of flex/R&D, office, retail, and warehouse space and has investments in over 3,000 residential units. The company proudly serves more than 2,700 clients in Colorado, Delaware, Florida, Louisiana, Maryland, Nevada, North Carolina, Pennsylvania, Tennessee, Texas, Virginia, Utah, and Wisconsin. For more information about the company, visit www.sjpi.com.Read more about this story in The Baltimore Business Journal

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