Light Business Park: Rare Opportunity to Meet Demand in the Marketplace

Nestled just minutes away from Meritus Medical Center and the new School of Osteopathic Medicine, Light Business Park, located in Hagerstown, Maryland, is quickly becoming a cornerstone of the regional medical community. The fully leased professional business park includes two multi-story buildings totaling over 94,000 SF, a daycare center, and a diverse array of specialty practices. Growing demand and a robust talent pool provided by the new college creates the perfect opportunity for further development within this thriving hub. The 9.97 acres is rough-graded, pad-ready and site plan approval timing in Washington County is roughly 60 days. This parcel can be subdivided as small as 0.9 acres or developed with a building supporting up to 145,000 square feet, with the seller open to a fee simple sale or build-to-suit arrangements.

Dr. Mitesh B. Kothari, MD, shares his insights into the success of Capital Women's Care, a key tenant at Light Business Park. "I started my practice back in 1999." Over time, we continued to hire people to meet the growing demand from the community. We draw many of our patients from Pennsylvania and West Virginia. We currently have 25 providers and just hired another who already has a full schedule."

Capital Women's Care now boasts over 80 locations. The practice's rapid growth in the Hagerstown market led them to outgrow their original 6,000-square-foot space, moving first to a 9,000-square-foot facility and eventually building the Trilogy Professional Center—a three-story, 54,000-square-foot building, of which they occupy the third floor, encompassing up to 36,000 square feet.

"Light Business Park offers a unique level of support and collaboration," Dr. Kothari explains. "All the doctors here can easily refer patients to each other because we know each other and the center is convenient and easy to access for patients. Being in a central location where patients come from surrounding counties, funneling into Washington County, makes it safe to say that half of our patients come from outside Maryland. If you are a specialist looking for a new location, our track record of success speaks for itself."

The development opportunity at Light Business Park is a rare chance for a regional or national healthcare group to tap into a dedicated patient base and join a thriving medical community with a proven history of success. With its strategic location, comprehensive support network, and high demand in the region, Light Business Park is the perfect opportunity for a growing healthcare group.

Hyatt Commercial's offering of 9.97 acres of pad-ready land provides a unique opportunity to expand into a market where demand has outpaced the supply of healthcare services.         

For more information about the development opportunities at Light Business Park, please visit lightbusinesspark.com or call us at 410-266-8800.