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t. John Properties Inc., a Baltimore‑based full‑service commercial real‑estate firm, bought 24 acres in Salisbury on Tuesday. The company plans to build the Salisbury Exchange, a mixed‑use business hub featuring roughly 220,000 sq ft of flex/R&D space and 8,000 sq ft of inline retail. Phase I will start next spring, with the project slated for completion in 2027.
This marks St. John’s second Wicomico County development after Westwood Commerce Park, a 16‑acre business community in Salisbury. Andrew Roud, the firm’s Southern Maryland regional partner, said the county’s robust economy, steady population growth, skilled workforce and influx of new industries justify a long‑term presence. He noted the area’s diverse labor market of over 200,000 workers as a key real‑estate factor. Like Westwood, the Salisbury Exchange will feature speculative buildings tailored for professional services, high‑tech firms, light manufacturing and distribution tenants seeking modern, flexible layouts.
The first phase will include two speculative flex/R&D buildings totaling about 75,000 sq ft. Each will offer 18‑foot clear heights, drive‑in and dock loading, and free surface parking, and can be customized with office and industrial configurations. The site sits near The Centre at Salisbury mall, downtown, Salisbury University and Salisbury Regional Airport.
