Johns Hopkins Jumps at Chance to Buy Corporate Campus

BALTIMORE, MD-Officials of the Johns Hopkins University have revealed their plan to acquire The St. Paul Cos.’ 68-acre corporate complex, known as the Mount Washington Corporate Campus, for an undisclosed amount. The multi-structure property consists of 650,000 sf of office and meeting space, some of which would remain leased by third-party occupants upon the change in ownership.

Johns Hopkins hopes to centralize the university’s and Johns Hopkins Medicine’s administrative offices in about 280,000 sf of the space. “Johns Hopkins has added about 1,000 jobs in Maryland in each of the past three years,” notes university president William R. Brody. “We expect to keep growing at nearly that pace as academic and clinical programs expand and our scientists win more federal research dollars. We’re committed to keeping as many of those new jobs as we can in our home city of Baltimore; this acquisition of a spectacular property will help us do that.”