Frederick Health Acquires Former State Farm Campus in Suburban Maryland for $18.6M
FREDERICK, MD. — Frederick Memorial Healthcare Systems (Frederick Health) has acquired the former State Farm office campus in Frederick for $18.6 million in an effort to expand its footprint in the area. Located at 1 State Farm Drive four miles north of downtown Frederick, the campus comprises a 387,000-square-foot office building, 1,600 parking spaces and 20,000 square feet of warehouse space. The newly named Frederick Health Village will allow Frederick Health to move its call center, home healthcare services, hospice and other administrative offices to the site, plus plan for further expansion. Frederick Health currently has offices in downtown Frederick. Jim Fitzgerald and Seamus Fitzgerald of Fitzgerald Realty Group represented the buyer in the transaction. The seller was not disclosed.