Maryland

Church-Sqaure-Baltimore

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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Annapolis-Town-Center-Annapolis-Md

Annapolis, Md. — Trademark Property Co. has completed the renovation of Annapolis Town Center, a mixed-use development comprising 2 million square feet in Annapolis. Improvements to the property included the addition of green space and a new community gathering area called Green Village; a climate-controlled paseo for improved connectivity and walkability; improved signage and wayfinding; and art from local artists. Whole Foods Market and Target anchor the property, which is home to retailers including Anthropologie, Restoration Hardware and Paper Source. A number of new tenants are set to open within …

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Topgolf-Baltimore

Baltimore — Topgolf plans to open its first Baltimore venue and third location in Maryland this Friday, bringing its global count to 81. Located at the intersection of Stockholm and Warner streets in the newly branded Walk at Warner Street entertainment district, the three-level venue sits adjacent to Horseshoe Casino Baltimore and M&T Bank Stadium, home of the Baltimore Ravens. Local media outlets report that construction is underway for a concert venue at the district called The Paramount Theater. The new Topgolf will employ around 500 staffers and include 90 …

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Downtown-Chestertown-Maryland

Melville, N.Y. — A&G Real Estate Partners has secured the sales of 21 properties in Maryland, Delaware and Florida at a real estate bankruptcy auction. All assets were formerly owned by the late Zebulon J. and Beatrice Brodie. In the Aug. 16 bankruptcy auction, 19 properties in Maryland and one each in Delaware and Florida fetched a total of $18.4 million. The transactions included: the $6.7 million sale to different buyers of four contiguous, largely undeveloped properties in a busy commercial district on Legion Road in Denton, Maryland; the $1.5 …

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JCPenney

Jersey City, N.J. — Copper Property CTL Pass Through Trust has sold seven JCPenney retail locations on the East Coast in three transactions totaling $65.2 million. The assets include stores in Delaware, Maryland, New Hampshire and Virginia. The buyers were not disclosed. Copper Property is a New York common law trust that was established to acquire 160 retail properties and six warehouse distribution centers from department store chain JCPenney as part of the retailer’s Chapter 11 reorganization plan. The stores are located at the following malls and shopping centers: Christiana …

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Whole-Foods

Towson, Md. — Stan Johnson Co. has brokered the $26.8 million sale of a single-tenant retail building leased to Whole Foods Market in Towson, roughly 14 miles outside Baltimore. The 63,750-square-foot store anchors Towson Row, a mixed-use project by Greenberg Gibbons. Jason Maier of Stan Johnson represented the buyer, a private investor based in New York, in the acquisition of the property from an undisclosed, Maryland-based investor. The building was acquired in a 1031 exchange transaction. The property was built in 2021 and is situated on 4.3 acres, less than …

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Takoma-Langley-Crossroads_Takoma-Park_Washington-DC

Takoma Park, Md. — Cushman & Wakefield has brokered the sale of Takoma Langley Crossroads, a 125,245-square-foot, grocery-anchored shopping center in Takoma Park, roughly six miles north of Washington, D.C. Granite Canyon Partners purchased the grocery-anchored center for an undisclosed price. Cushman & Wakefield’s John Owendoff represented the unnamed seller in the transaction. The recently renovated shopping center was nearly fully leased at the time of sale to tenants including Aldi, Walgreens, Citibank, Taco Bell and 7-Eleven. Situated on nearly 10 acres at the intersection of University Boulevard and New Hampshire …

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Shoppes-Arts-District_Hyattsville

Baltimore — Klein Enterprises has purchased a portfolio of nine grocery-anchored shopping centers in the Mid-Atlantic. The portfolio spans 800,000 square feet of retail space and was 80 percent leased at the time of sale. Cedar Realty Trust sold the portfolio for an undisclosed price in conjunction with the broader asset acquisition of Cedar’s grocery-anchored portfolio by a joint venture between DRA Advisors and KPR. United Bank provided an undisclosed amount of debt financing for the acquisition. As part of the transaction, Klein is acquiring seven stabilized shopping centers and …

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Merritt Manor

Dundalk, Md. — Continental Realty Corp. has sold Merritt Manor Shopping Center, an 88,332-square-foot, fitness-anchored retail center in Dundalk, about 9 miles from Baltimore. Abrams Development Group purchased the property for $11.9 million. Dean Zang and David Crotts of Marcus & Millichap represented CRC in the transaction. Merritt Manor was 96 percent leased at the time of sale to tenants including Gold’s Gym, Sherwin-Williams, Dollar General, Hair Cuttery, GNC, Chicken Rico and Leslie’s Swimming Pool Supplies. CRC completed renovations on the property, including upgrading the center’s exterior facade, enhancing all …

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Bel Air, Md. — A joint venture affiliated with Rappaport has acquired Festival at Bel Air, a 433,720-square-foot shopping center in the Harford County community of Bel Air. The shopping center was 94 percent occupied at the time of sale by 60 retailers, including anchors Klein’s ShopRite, Kohl’s, Burlington, Marshalls, Petco and The Tile Shop.

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