SAFE SHIP SIGNS 5520 SQUARE FOOT LEASE WITH ST. JOHN PROPERTIES AT ASHBURN TECHNOLOGY PARK IN NORTHERN VIRGINIA

BALTIMORE (March 27, 2014) – Safe Ship, a nationally-franchised chain of shipping and packaging stores, has signed a lease with St. John Properties, Inc. for 5520 square feet of space at 44190 Waxpool Road in the Ashburn Technology Park. Danny Severn of St. John Properties represented the landlord, with Eamon McCrann and Jed Prossner of Lincoln Property Company representing the tenant in this transaction. Safe Ship’s Northern Virginia location is expected to be operational this spring.

                          Ashburn Technology Park, honored last year with the “Best Building, R&D/Flex/Industrial” award from NAIOP Northern Virginia, is a 43-acre business community situated near Washington-Dulles International Airport that consists of 445,000 square feet of space. Located off Waxpool Road (VA Route 625) and the Dulles Greenway, Ashburn Technology Park includes eight R&D buildings with featured tenants such as Carrier Corporation, Comcast, Dulles Area Association of Realtors, Volkswagen/Audi and VeriSign. The business community is in the heart of “data center alley” near VA Route 7 and Interstates 66, 95 and 495.

                          Safe Ship, founded more than 20 years ago and recognized as among the fast-growing and best-managed franchises in the country, is a packing and shipping retail operation that functions as a local Post Office and works in partnership with the United States Postal Service and major shipping companies including FedEx, DHL and Greyhound GPX. The chain also offers business amenities including post office box rentals, photocopying, fax service and document and file downloading and printing.

                          “This inaugural tenant in 44190 Waxpool Road adds a valuable amenity to the business community and positions Ashburn Technology Park as a destination spot for area consumers, students and businesses,” stated Matt Holbrook, Regional Partners for St. John Properties. “Ashburn Technology Park satisfied Safe Ship’s requirement for a highly-visible business community situated within close proximity to major highways and a rapidly-expanding residential and business environment.”    

                          St. John Properties, Inc., founded in 1971, owns and has developed nearly 17 million square feet of R&D/flex, office, retail and warehouse space in Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Virginia and Wisconsin. For more information about the company, visit www.sjpi.com.

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Contact: Larry Lichtenauer

              Lawrence Howard & Associates, Inc.

              410-363-6205