June 26, 2018
Frederick, MD – Transwestern today announces it has been appointed to lease 1 State Farm Drive, a 387,008-square-foot office building on 94 acres in Frederick, Maryland (the “Property”). The ownership will also entertain purchase offers from prospective users. Transwestern’s Gerry Trainor and Mark Glagola of the Mid-Atlantic Capital Markets Group, along with Executive Managing Director Keith Foery and Senior Vice President Guy Copperthite, are representing the owner for this listing.
“The State Farm campus represents one of the top adaptive reuse and infill development opportunities in the City of Frederick,” said Frederick Mayor Michael O’Connor. “Rarely does a property of this size and location near a new interchange become available on the market, and the City of Frederick is excited about its prospects.”
“The property’s access to both Fort Detrick and the Frederick National Laboratory for Cancer Research at Riverside Research Park makes the site particularly attractive for multiple uses including biomedical research and manufacturing, as well as government contracting,” said City of Frederick’s Director of Economic Development Richard Griffin.
“This property is ideal for a large user seeking a campus setting with high-quality office space. With the additional acreage, this property can also accommodate future growth needs,” said Trainor. “It’s easily accessed and strategically located near the new Route 15 interchange and Monocacy Boulevard.”
Built in 1996, the property has a large cafeteria with seating for 252 people, ample outdoor green space, 1,600 surface parking spaces, administrative offices, training rooms, and large open spaces, including a former call center with over 800 existing cubicles. The property also includes a 20,000-square-foot warehouse with 28-foot ceiling heights, three loading docks and a 9,300-square-foot data center.
The property is in proximity to Frederick Community College, the U.S. Army Medical Command installation at Fort Detrick, the National Institutes of Health’s National Cancer Institute (NCI) and numerous retail centers including Clemson Corner, The Shops at Monocacy and Market Square. Some of the nearby retailers and restaurants include Moe’s Southwest Grill, Noodles & Company, Onelife Fitness, California Tortilla, Giant Food, Lowe’s, Wegmans and Walmart Supercenter.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.