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Hartford Mall
Company newsDevelopmentMarylandNews

SJC Ventures Unveils Plans for $100 Million Transformation of Harford Mall Site in Metro Baltimore

by Abby Cox

Bel Air, Md. — SJC Ventures has unveiled plans for a $100 million transformation of the Harford Mall site located in Bel Air, roughly 23 miles north of Baltimore. Upon approval by the Bel Air Economic and Community Development Commission, the redevelopment project will feature 48,000 square feet of retail, restaurants and amenities that will replace a former Macy’s store, as well as a 35,000-square-foot grocery store. SJC also plans to incorporate pedestrian walkways for enhanced connectivity, pocket parks and open gathering spaces. CBL Properties owns Harford Mall, which originally opened …

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LeasingMarylandNews

Seven New Tenants Join Westfield Montgomery in Bethesda, Maryland 

by Abby Cox

Bethesda, Md. — Seven new tenants have signed leases at Westfield Montgomery, a 1.2-million-square-foot regional mall in the Washington, D.C. suburb of Bethesda. Thai Express and Subway have already opened at the property, while Uniqlo’s 12,000-square-foot store will follow. Below Zero Swiss Science expects to open in late spring, while fashion retailer Garage is scheduled to open this summer. Asian restaurants Shiki Fusion and Nan Xiang Soup Dumplings will open later this year in the dining terrace at the center. Existing retail tenants including lululemon and Janie & Jack have …

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Reservoir Square
DevelopmentMarylandNews

Streets Market to Join $170 Million Mixed-Use Development in Baltimore

by Abby Cox

Baltimore — MCB Real Estate has added regional grocery store chain Streets Market to the tenant roster for its Reservoir Square, a $170 million mixed-use development underway in Baltimore. Streets Market will occupy 12,000 square feet on a 1.5-acre parcel that will also house 8,000 square feet of retail space. The grocery store is part of Phase II at Reservoir Square, which will also include housing, additional retail options and the new 63,000 square-foot home to the Mayor’s Office of Employment Development (MOED), which is scheduled to open in 2026. …

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Reisterstown Shopping Center
DevelopmentLeasingMarylandNews

Greenberg Gibbons Completes Expansion at Reisterstown Shopping Center in Maryland

by Abby Cox

Reisterstown, Md. — Greenberg Gibbons has completed the expansion of a retail building, which now totals 15,000 square feet, at Reisterstown Shopping Center, a 167,212-square-foot shopping center located in the Baltimore suburb of Reisterstown. The retail building includes an 11,076-square-foot renovated Advance Auto Parts, which is now open. Two additional tenants at the building — Jersey Mike’s Subs and Quickway Japanese Hibachi — will open this fall. Other tenants at Reisterstown Shopping Center include Lidl, Big Lots, Walgreens, Planet Fitness, Starbucks Coffee, Chick-fil-A, Bank of America, Wells Fargo and Dollar Tree. …

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Metro Washington Retail Portfolio
FinanceMarylandNewsVirginia

Marcus & Millichap Arranges $17 Million Refinancing for Retail Portfolio in Metro Washington, D.C.

by Abby Cox

Silver Spring, Md. and Fairfax, Va. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $17 million loan for the refinancing of a nine-property retail portfolio located in Silver Spring, Maryland, and Fairfax, Virginia. The properties — which total roughly 71,000 square feet — include multi-tenant retail strip centers, single-tenant retail properties and single-tenant restaurants. Jared Cassidy of MMCC’s Washington, D.C. office secured the five-year loan through a local bank. The financing carries a 12-month adjustable rate, 25-year amortization schedule and a 55 percent loan-to-value ratio.

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The Station at Riverdale Park
Grocery-anchoredInvestment salesMarylandMixed-useNews

First Washington Realty Acquires 163,000-Square-Foot Shopping Center in Riverdale Park, Maryland

by Abby Cox

Riverdale Park, Md. — First Washington Realty has acquired a 163,000-square-foot shopping center in the Washington, D.C. suburb of Riverdale Park. The shopping center, which is situated within the mixed-use district of The Station at Riverdale Park, is anchored by Whole Foods Market. Additional tenants at the shopping center include Burton’s Grill, Starbucks Coffee, Gold’s Gym and Jersey Mike’s. Amrit Chase negotiated the transaction on behalf of First Washington Realty on an internal basis.

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Governors Commons
Investment salesMarylandNews

Continental Realty Sells Shopping Center in Suburban Baltimore for $9.6 Million

by Abby Cox

Glen Burnie, Md. — Baltimore-based Continental Realty Corp. (CRC) has sold Governors Commons, a 129,242-square-foot shopping center in the Baltimore suburb of Glen Burnie, for $9.6 million. Dean Zang and David Crotts of Marcus & Millichap represented CRC in the transaction. The buyer was not disclosed. CRC previously sold three outparcels at Governors Crossing, giving the total gross sales price of the shopping center $20.6 million. CRC originally acquired the property in 2019 through its Continental Realty Fund V LP for $16.2 million. Over the past six months, CRC has …

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Waldorf Park
Investment salesMarylandNews

SRS Arranges Sale of 35,935-Square-Foot Retail Property in Waldorf, Maryland

by Abby Cox

Waldorf, Md. — SRS Real Estate Partners has arranged the $6.3 million sale of The Shoppes at Waldorf Park, a retail property situated within the larger Waldorf Park shopping center in Waldorf. Starbucks Coffee anchors the 8,484-square-foot property, which was built in 2022. Other tenants at the site include Crumbl Cookies, Jersey Mike’s and Aspen Dental. Andrew Fallon, Rick Fernandez, Ed Laycox and Philip Wellde Jr. of SRS represented the seller, Republic Land Development, in the transaction. TD Bank provided acquisition financing on behalf of the Maryland-based buyer.

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833-S-Salisbury-Blvd_Salisbury-Md
Investment salesMarylandNews

SVN | Miller Arranges Sale of 13,824-Square-Foot Single-Tenant Property in Salisbury, Maryland

by Hayden Spiess

Salisbury, Md. — SVN | Miller Commercial Real Estate has arranged the sale of a single-tenant retail property located in Salisbury. The property, which totals 13,824 square feet and features a drive-thru, was formerly occupied by Rite Aid, which vacated the site in September 2023. Tonney Insley and Ryan Finnegan of SVN | Miller represented the seller in the transaction. Christopher Zamias of CCN Real Estate represented the buyer, an undisclosed retail chain. 

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Arbutus-Shopping-Center_Arbutus-Md
Grocery-anchoredInvestment salesMarylandNews

KLNB Brokers $16.7 Million Sale of Shopping Center in Metro Baltimore

by Hayden Spiess

Arbutus, Md. — KLNB has brokered the $16.7 million sale of Arbutus Shopping Center in Arbutus, roughly 10 miles outside Baltimore. Weis Markets anchors the property, which totals 87,939 square feet and was 95 percent occupied at the time of sale. Other tenants at the center include Walgreens, Advance Auto Parts, Dollar Tree and Truist Bank. Meir Duke of Duke Arbutus acquired Arbutus Shopping Center from AmCap Inc., which acquired the property in 1981.  Chris Burnham and Vito Lupo of KLNB represented the seller in the transaction, and MFI Realty represented the …

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