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Lakeforest-Mall_Gaithersburg
DevelopmentMarylandMixed-useNews

WRS Rezones 100 Acres at Lakeforest Mall in Gaithersburg, Maryland for Mixed-Use Village

by Hayden Spiess

Gaithersburg, Md. — WRS Real Estate Investments has successfully rezoned a 100-acre site in Gaithersburg that houses Lakeforest Mall. The Gaithersburg City Council approved the rezoning of the site for mixed-use as well as a sketch plan of the future development. WRS purchased the core of the 1.1 million-square-foot regional mall in 2019. In 2022, the developer purchased the mall’s remaining department stores: J.C. Penney, Lord & Taylor, Sears and Macy’s. Upon completion, the mixed-use village will comprise up to 1.25 million square feet of retail, restaurant, dining, hospitality and …

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Giant Food
Company newsMarylandNewsRestaurants

Giant Food, Nalley Fresh Open In-Store Restaurant in Metro Baltimore

by Hayden Spiess

Ellicott City, Md. — Giant Food has partnered with Nalley Fresh to open a restaurant within the grocer’s Ellicott City store, roughly 13 miles outside Baltimore. Nalley Fresh offers customizable salads, wraps and bowls. The restaurant marks the tenth location for the restaurant and the first in-store fast-casual partnership for Giant Food, which currently operates 165 stores.

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First-Colony-Center_California-Maryland
Grocery-anchoredInvestment salesMarylandNews

AmCap, Encore Acquire 98,179-Square-Foot Shopping Center in Metro Washington, D.C.

by Hayden Spiess

California, Md. — A joint venture between AmCap Inc. and Encore Enterprises has acquired First Colony Center, a 98,179-square-foot shopping center located in the Washington, D.C., suburb of California. Tenants at the center include Giant, Michaels and Advance Auto Parts. Target, Lowe’s Home Improvement and BJ’s Wholesale Club shadow anchor the property.

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First National Realty Partners LLC
Grocery-anchoredInvestment salesMarylandNews

First National Acquires 359,484-Square-Foot Shopping Center in Metro Washington, D.C.

by Hayden Spiess

Waldorf, Md. — First National Realty Partners has acquired Waldorf Marketplace, a 359,484-square-foot shopping center located in Waldorf, approximately 30 miles outside Washington, D.C. A 58,092-square-foot Safeway anchors the property, which is also home to tenants including Hobby Lobby, Jared, Petco, Starbucks Coffee, Wells Fargo, Red Robin, TGI Fridays, Bath & Body Works and Famous Dave’s. The purchase marks First National Realty Partners’ fourth retail center acquisition within the DMV-metropolitan area.

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Kenwood-Shopping-Center_Rosedale
Investment salesMarylandNews

KLNB Arranges $7.2 Million Sale of Kenwood Shopping Center in Metro Baltimore

by Hayden Spiess

Rosedale, Md. — KLNB has brokered the $7.2 million sale of Kenwood Shopping Center, a 90,961-square-foot retail center located in Rosedale, a suburb of Baltimore. America’s Realty and investment partners purchased the center from a private family that has owned the property since it was developed more than 40 years ago. Chris Burnham, Vito Lupo, Andy Stape and Jake Furnary of KLNB represented the seller in the transaction. Kenwood Shopping Center was 92 percent leased at the time of sale to tenants including Advance Auto Parts and Goodwill.

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Beacon-Square
DevelopmentGrocery-anchoredLeasingMarylandNews

SJC Ventures Signs 11 Tenants to Beacon Square Development in Annapolis

by Hayden Spiess

Annapolis, Md. — SJC Ventures has signed 11 new tenants to Beacon Square, a mixed-use development currently underway in Annapolis. Tenants will include Arhaus, Circa Lighting, Firebirds Wood Fired Grill, Mighty Quinn’s BBQ, Meg Fox Aesthetics, GNC, Aspen Dental, Inspire Nails, Cold Stone Creamery, Eggspectation and Jersey Mikes. SJC and AvalonBay Communities Inc. acquired the land for the project early last year, with vertical construction started in August. Upon completion, the property will comprise 52,000 square feet of retail and office space, as well as a 43,000-square-foot grocery store and …

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Marlboro-Square_Upper-Marlboro
Grocery-anchoredInvestment salesMarylandNews

KLNB Arranges $10.8 Million Sale of Shopping Center in Metro Washington, D.C.

by Hayden Spiess

Upper Marlboro, Md. — KLNB has arranged the $10.8 million sale of Marlboro Square, a 92,649-square-foot shopping center located in Upper Marlboro, a suburb of Washington, D.C. Vito Lupo, Chris Burnham, Andy Stape and Jake Furnary of KLNB represented the seller, an entity doing business as Marlboro Investors LLC, in the transaction. Renaud Consulting represented the undisclosed buyer. Marlboro Square was fully leased at the time of sale to tenants including Weis, Advance Auto Parts and Dollar Tree, as well as medical, fitness and food-and-beverage tenants.

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East-Drive-Shopping-Center-Arbutus-Md
Investment salesMarylandNews

Neuman Facilitates $5.7 Million Sale of Retail Center in Metro Baltimore

by Hayden Spiess

Arbutus, Md. — Neuman Commercial Group has arranged the sale of East Drive Shopping Center, a 65,155-square-foot retail center located in Arbutus, approximately eight miles outside of Baltimore. An affiliate of Bien/Paul Ventures sold the property to an undisclosed buyer for $5.7 million. The property was 72 percent occupied at the time of sale to tenants including Save‐A‐Lot, Dollar General, Pizza Boli’s and Cricket Wireless. Gil Neuman of Neuman represented the seller and procured the buyer in the transaction.

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Frederick-Crossing
LeasingMarylandNews

Edge Negotiates 20,000-Square-Foot Retail Lease with Vet Clinic at Frederick Crossing in Maryland

by Hayden Spiess

Frederick, Md. — Edge has negotiated a 20,000-square-foot lease with Partner Veterinary Emergency and Specialty Center at Frederick Crossing, a nearly 300,000-square-foot power retail center located at 7330 Guilford Drive in Frederick. Kristin Rebeck of Edge represented the tenant, which plans to open the clinic in the spring and employ roughly 70 people once fully operational. Adam Greenberg of DLC Management Group represented the landlord, a partnership between DLC and Acadia Realty Trust. Situated near I-70, Frederick Crossing’s tenant roster includes Kohl’s, Best Buy, Regency Furniture, Ross Dress for Less, …

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Church-Sqaure-Baltimore
Investment salesMarylandNews

KLNB Brokers $6.5 Million Sale of Baltimore Shopping Center

by Hayden Spiess

Baltimore — KLNB has arranged the sale of Church Square Shopping Center, a 44,252-square-foot retail center located at 923 N. Caroline St. in Baltimore. Andy Stape, Chris Burnham, Vito Lupo and Jake Furnary of KLNB represented the seller, a partnership between Burley Church LLC and Pinefield South-Kodiak LLC, in the $6.5 million transaction. Originally built in 1986, the retail center recently underwent renovations including roof work, parking lot repairs and façade updates. The property was fully occupied at the time of sale by tenants including DTLR Villa, Hip Hop Fish …

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