As State Farm consolidates its operations, the owners of the strategically-located business campus have begun looking to re-position the site as a new economic opportunity for the Frederick community. In a press release issued last week, the 94 acre property was announced to be for lease or sale to new major tenants looking to call Frederick home.
“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 mixed-use development including biomedical research and manufacturing, as well as government contracting,” said City of Frederick’s Director of Economic Development Richard Griffin.
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.
“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 Gerry Trainor of Transwestern - the commercial real estate company appointed to the listing. “It’s easily accessed and strategically located near the new Route 15 interchange and Monocacy Boulevard.”
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.
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