Maryland

Reisterstown-Shopping-Center
Company newsGrocery-anchoredMarylandNews

Rappaport to Manage Reisterstown Shopping Center in Metro Baltimore

by Abby Cox

Reisterstown, Md. — McLean, Virginia-based Rappaport has been selected to provide leasing and management for Reisterstown Shopping Center, a 160,000-square-foot, grocery-anchored retail center located in Reisterstown, approximately 25 miles north of Baltimore. As part of the assignment, Rappaport will oversee $2 million in property upgrades. Built in 1964, Reisterstown Shopping Center is anchored by a 29,000-square-foot Lidl grocery store and a recently opened 33,000-square-foot Lowe’s Outlet. The center features a mix of additional tenants such as Starbucks Coffee, Chipotle Mexican Grill, Jersey Mike’s, Quickway Japanese Hibachi and Planet Fitness. Reisterstown …

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Linthicum-Heights-retail-rendering
DevelopmentLeasingMarylandNews

SRS Real Estate Completes Lease-Up of 10,576-Square-Foot Retail Development in Metro Baltimore

by Abby Cox

Linthicum Heights, Md. — SRS Real Estate Partners has completed leasing for a newly developed, 10,576-square-foot retail development in Linthicum Heights, just south of Baltimore and adjacent to the Baltimore-Washington International Thurgood Marshall Airport (BWI). Situated at 1709-1713 W. Nursery Road, the retail center is home to Paris Baguette, Buffalo Wild Wings GO, Sardi’s Peruvian Chicken, Tropical Smoothie Café and Jersey Mike’s Subs. Arris Noble and Rachel Callender of SRS Real Estate Partners represented the landlord, a Washington, D.C.-based private investor and developer, in the lease negotiations.

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Grocery-anchoredInvestment salesMarylandNews

Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million

by Abby Cox

Rockville, Md. — Federal Realty Investment Trust (FRT) has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, approximately 12 miles northwest of Washington, D.C., for $72.3 million. Aldi anchors the center, which spans 12 acres. Additional tenants include RH Outlet, Petco and Staples. FRT also owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose in Montgomery County, Maryland, among other properties.

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Viva-White-Oak
DevelopmentGrocery-anchoredMarylandMixed-useNews

MCB Signs Costco to Anchor $2.8 Billion Viva White Oak Mixed-Use Development in Metro D.C.

by Abby Cox

Silver Spring, Md. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated roughly 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 …

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Outlets Ocean City
Investment salesMarylandNews

SVN | Miller Negotiates Sale of 21 Acres at Outlets Ocean City in Coastal Maryland

by Abby Cox

Ocean City, Md. — The McClellan Team at SVN | Miller Commercial Real Estate has negotiated the sale of 21 acres of land underlying Outlets Ocean City, a 200,000-square-foot outlet mall in Ocean City. The outlet mall is subject to a long-term ground lease with leasehold improvements by the new ownership. The Elliott Family sold the land to the undisclosed buyer. The new ownership group has tapped the McClellan Team and Ryan Finnegan of SVN | Miller to lease Outlets Ocean City, which has six units available for lease. According …

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6000-Allentown-Andrews-Dr
Investment salesMarylandNews

Marcus & Millichap Negotiates $9.9 Million Sale of Retail Strip Center Near Washington, D.C.

by Abby Cox

Camp Springs, Md. — Marcus & Millichap has negotiated the $9.9 million sale Andrews Park Town Center, a 13,417-square-foot retail strip center located at 6000 – 6101 Allentown Andrews Drive in Camp Springs, approximately 12 miles southeast of downtown Washington, D.C. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, an affiliate of ARCTRUST, and procured the private buyers, in the transaction. Built in 2021 on 1.2 acres, Andrews Park Town Center was fully leased at the time of sale to three …

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bowie-town-center
Investment salesMarylandNews

CBRE Negotiates Sale of 293,099-Square-Foot Bowie Town Center in Maryland

by Abby Cox

Bowie, Md. — CBRE has negotiated the sale of Bowie Town Center, a 293,099-square-foot lifestyle center in Prince George County, Maryland, bordering the eastern portion of Washington, D.C. A partnership between Nile Equity Group and Community Real Estate Co. purchased the property for an undisclosed price. Ryan Sciullo, Chris Munley, Colin Behr, Casey Smith and RJ Mirabile of CBRE’s National Retail Partners Mid-Atlantic represented the seller in the transaction. Bowie Town Center was 86 percent leased at the time of sale to tenants including Bath & Body Works, Barnes & Noble, …

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Highlandtown-Village_Baltimore
Investment salesMarylandNews

IPA Negotiates Sale of 57,524-Square-Foot Shopping Center in Baltimore

by Abby Cox

Baltimore — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Highlandtown Village, a 57,524-square-foot shopping center located at 3800 E. Lombard St. in Baltimore. Built in 1987, the retail center was fully leased at the time of sale to tenants including Hazlo International Foods, Dollar Tree, Baltimore Bark House, Fishtail Wine and Song’s Beauty Supplies. The average tenant occupancy at Highlandtown Village exceeds 14 years, according to IPA. David Crotts and Dean Zang of IPA represented the undisclosed seller in the transaction. The …

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normandy-shopping-center
Grocery-anchoredInvestment salesMarylandNews

Mackenzie Commercial Brokers $57.5 Million Sale of Normandy Shopping Center Near Baltimore

by Abby Cox

Ellicott City, Md. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot grocery-anchored center located in Ellicott City, approximately 13 miles west of Baltimore. Owen Rouse and Tom Green of MacKenzie Commercial Real Estate represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family, based in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the …

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Durham-Festival
Company newsGrocery-anchoredInvestment salesMarylandNewsTexas

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by Abby Cox

Baltimore and Austin, Texas — MCB Real Estate, a privately held commercial real estate firm based in Baltimore, has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes 15 grocery-anchored shopping centers owned in partnerships totaling more than 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company, which has 13 employees. The properties were cumulatively 92 percent leased at the time of the merger, and the ownership structure of all property-level limited partnerships …

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