Oxon Hill, Md. — Four new restaurants and entertainment concepts are set to open at National Harbor, a waterfront mixed-use development by Peterson Cos. in Oxon Hill, about 12 miles from Washington, D.C. New openings will include Tom’s Watch Bar, a 10,881-square-foot sports bar; Sticky Situation, a 2,862-square-foot honey and syrup tasting room; Escapology, a 3,675-square-foot escape room; and Silver Diner, a 7,132-square-foot restaurant offering classic diner food with an open-air bar and patio. The new tenants are set to open in late 2022 and early 2023. National Harbor is …
Silver Spring, Md. — DSW is set to open at Ellsworth Place, a 350,000-square-foot retail and entertainment development by GBT Realty Corp. in Silver Spring, about 5 miles from Washington, D.C. The retailer will open within a 17,500-square-foot space formerly occupied by Guitar Center. Construction on the property is currently underway with DSW expected to open in March. DSW joins tenants at Ellsworth Place including Burlington, Ross Dress for Less, Marshalls, Michaels, T.J. Maxx and Dave & Buster’s.
Glenarden, Md. — Urban Edge Properties has welcomed LA Fitness to Woodmore Towne Centre, a shopping center located at 2250 Petrie Lane in Glendarden. The retailer opened a 42,154-square-foot gym within the center. Additional tenants set to open at the shopping center include Ledo Pizza and European Wax Center, which are both expected to open soon, and Burn Box and Club Pilates, which will open by the second quarter of 2022. The property is 97 percent leased to tenants including Wegmans, Costco, Best Buy, At Home, Nordstrom Rack and Starbucks …
Attleboro, Mass. and Baltimore — Inland Private Capital Corp. (IPC) has sold two BJ’s Wholesale Club locations in Massachusetts and Maryland. IPC facilitated the sale on behalf of its 1031 investment program East Coast Wholesale Portfolio DST. The portfolio includes a 115,660-square-foot BJ’s Wholesale Club located at 287 Washington St. in Attleboro, Massachusetts; and an 89,348-square-foot BJ’s Wholesale Club located at 4701 O’Donnell St. in Baltimore. The buyer and terms of the transaction were undisclosed.
Glenarden, Md. — Urban Edge Properties has acquired Woodmore Towne Centre, a 712,000-square-foot grocery-anchored shopping center located on 83 acres in Glenarden, along with an adjacent 22-acre land parcel for $193.4 million. Funding for the acquisition included cash on-hand and a $117.2 million non-recourse first mortgage loan. The financing features a 10-year term and is interest-only for the entire loan term. Woodmore Towne Center is situated nine miles from the center of Washington, D.C., off the Capital Beltway. The property was 97 percent leased at the time of sale to …
Townson, Md. — Whole Foods Market is set to open a 59,119-square-foot store within the Towson Row mixed-use development in Towson, roughly 14 miles outside Baltimore. The new location is situated near Towson University and will open this month. The store will feature an upstairs mezzanine with a lounge; arcade and outdoor seating; a community room; full-service coffee bar; prepared foods section; full-service seafood counter; an array of organic, conventional produce and flowers; a specialty foods department; full-service meat counter; bakery department; grocery pick-up services; and a wellness and beauty …
Time Equities Acquires Three Shopping Centers in Maryland, Indiana and Mississippi for $23.4 Million
Glen Burnie, Md., Munster, Ind. and Jackson, Miss. — Time Equities Inc. (TEI) has acquired three shopping centers totaling 307,284 square feet in Maryland, Indiana and Mississippi for $23.4 million. Acquisitions include Harundale Plaza, a 217,619-square-foot, Lidl-anchored retail center in Glen Burnie, Maryland. The property was acquired for $16.4 million from SITE Centers and Limited Partners. Ryan Sciullo, R. William Kent, Matt Karempelis and Chris Decoufle of CBRE represented the sellers in the transaction. TEI also acquired Ridgewood Plaza, a 36,307-square-foot shopping center anchored by Applebee’s in Munster, Indiana, for …
North Providence, RI. and Westminster, Md. — Greenberg Gibbons has acquired two shopping centers located in Rhode Island and Maryland for $34.6 million. Acquisitions include North Providence Marketplace, a 112,000-square-foot grocery-anchored center located in North Providence, Rhode Island; and Westminster Crossing East, a 92,000-square-foot shopping center located in the Carroll County community of Westminster, Maryland. North Providence Marketplace was 82 percent leased at the time of sale to tenants including Shaw’s Grocery Store, Dollar Tree, Sally Beauty Supply, H&R Block and EbLens. Tenants including Marshalls, Bed Bath & Beyond, Ulta …
Ocean City, Md. — The Boulder Group has arranged the $6.2 million sale of a newly constructed 7-Eleven property located at 11624 Ocean Gateway in Ocean City. Randy Blankstein and Jimmy Goodman of The Boulder Group represented both the buyer, an undisclosed individual based in the northeast, and seller, an undisclosed private real estate firm, in the transaction.
Baltimore, Md. — MCB Real Estate, MLR Partners and Northwood SC LLC have signed leases with eight new retailers to open at Northwood Commons, a mixed-use project in Baltimore. New tenants include IHOP, Downtown Locker Room, Chipotle Mexican Grill, Harbor Bank, Tropical Smoothie Café, Beauty Plus, Le’s Nail Bar and Georgia Peach. IHOP will occupy 4,600 square feet of space; Downtown Locker Room or DTLR will occupy 4,500 square feet of space; and Chipotle Mexican Grill will occupy a 2,335-square-foot space.