CALVERT COUNTY-Development of Patuxent Business Park–a research and technology campus that will ultimately contain 700,000 sf of class A office and flex space–has been taken to the next level with the selection of Coldwell Banker Commercial Capitol Realty Services to handle marketing, development and sales for the project. Calvert County and the Maryland Economic Development Corp. are behind the development of the sprawling 92-acre compound, which boasts a strategic location just a stone’s throw from Patuxent River Naval Air station and Solomons Island, and only about 30 miles outside of Washington, DC.

“Calvert County is in a unique position to take advantage of the commercial real estate market,” says Calvert County Department of Economic Development director Linda Vassallo. “Our location, quality of life, dedication to sustaining a healthy economic environment and unique combination of business incentives, will make the Patuxent Business Park in Lusby one of the most sought-after, comprehensively planned business parks in Southern Maryland.”

State and local government entities alike are well aware of how beneficial the project will ultimately be for the area. In an effort to show its support for the development, the State of Maryland contributed $2.5 million last year for the construction of the property’s first building.

Coldwell Banker Commercial CRS’s Rick Davidson and colleagues Mike Paukstitus, Lee Alexander, Pat Fehr, Tina Davidson and Josh Thomas will spearhead the real estate firm’s involvement at Patuxent Business Park.

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