X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PRINCE FREDERICK, MD-The state has decided to give a helping hand to the development of the 92-acre Patuxent Business Park by awarding a $2.5 million grant for the new research and technology campus. The funds will be directed toward building the property’s first structure, a 22,000-sf office building that will be the first of several, ultimately accounting for 650,000 sf of class A office and flex space. Buildings in the park will be one to five stories high and could number as many as 13.

“The success of the Patuxent Business Park project demonstrates how partnerships between state and local governments are essential for the growth of economic development opportunities in Maryland,” says Aris Melissaratos, secretary of the Maryland Department of Business and Economic Development. “This project, which will provide much needed office and flex space to the community and support the area’s growing technology industries, will strongly support and enhance Calvert County’s economic development opportunities.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.