Thomas Park Investments (TPI) announces Annapolis Pediatrics as the newest tenant for Magothy Medical Professional Center at 18 Magothy Road in Pasadena, Maryland. TPI purchased the property in December 2020 and the Annapolis Pediatrics lease brings the building to 100 percent capacity.
The lease represents an expansion for Annapolis Pediatrics into the Pasadena/North Anne Arundel County area, its sixth location for the practice. Annapolis Pediatrics joins other tenants of Magothy Medical Professional Center, Annapolis OBGYN and Annapolis Rheumatology.
“Annapolis Pediatrics has been a prime tenant for TPI in two other locations, and we are excited to add them to Magothy Medical Professional Center,” said EJ Rumpke, CEO of TPI.
“We are excited to expand our reach and provide the northern community of Anne Arundel County with easier access to our exceptional pediatricians and pediatric nurses,” said Jim Rice, MD, president of Annapolis Pediatrics. “The addition of our Pasadena location further supports our commitment to family-centered healthcare.”
dr. Rice adds, “Thomas Park Investments has been a great partner for us, providing quality facilities that provide easy access for our patients.”
Rosso Commercial Real Estate represented TPI in this transaction. Annapolis Pediatrics rents just under 50 percent of the building and plans to open its doors in Pasadena this winter.
In addition to the Magothy Medical Professional Center in Pasadena, Annapolis Pediatrics is a tenant of TPI properties in Annapolis, at 200 Forbes Street, and Severna Park, at 877 Baltimore Annapolis Boulevard.
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