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.
Owings Mills, Md. — Greenberg Gibbons has signed leases with four new retailers to join the tenant roster at St. Thomas Shopping Center in Owings Mills. Michaels will occupy a 23,045-square-foot space near Baltimore Sports & Novelty. Next Door Pharmacy and uBreakiFix will occupy 1,600-square-foot spaces; and Boston Market will open in a 2,000-square-foot space. Next Door Pharmacy, uBreakiFix and Boston Market will open this fall and Michaels will open in fall 2022. Thomas Shopping Center is located on Reisterstown Road adjacent to Foundry Row, a mixed-use center also owned …
Clinton, Md. — JLL Capital Markets has secured a $44.5 million loan for The Landing at Woodyard, a newly redeveloped, 210,000-square-foot shopping center located in the Washington, D.C. suburb of Clinton. JLL worked on behalf of the borrower, Meritus Realty Ventures, to place the 10-year, fixed-rate CMBS loan with Morgan Stanley Real Estate. Loan proceeds were used to repay the existing bridge loan and fund remaining improvements for the tenants that recently signed new leases. Meritus has owned Landing at Woodyard since 2016. The center is 95 percent leased with …
Glenarden, MD. — Heritage Partners has leased a space formerly occupied by JC Penney at Woodmore Towne Centre in Glenarden to At Home, a home decor retail chain based in Plano, Texas. At Home will fully occupy the 96,446-square-foot space, initially taking possession early 2021 and opening this summer. At Home currently operates 227 stores in 40 states. Woodmore Towne Centre is a 245-acre mixed-use property with retail tenants such as Best Buy, Wegmans and Nordstrom Rack. In the summer of 2020, the JC Penney at Woodmore Towne Centre closed, …
Baltimore — Athletic apparel giant Under Armour Inc. (NYSE: UA) has reported $1.3 billion in sales in its fiscal first quarter of 2021, a 35 percent jump from last year’s first-quarter sales. The Baltimore-based company’s fiscal first quarter ended on March 31. Under Armour’s earnings in the quarter totaled 16 cents per share, which far surpasses the 3 cents expected by analysts, according to CNBC. The company reported an increase of $1.26 billion in revenue from the $930.2 million recorded in the first quarter of 2020. Additionally, the brand’s net …
Owings Mills, Md. — Neuman Commercial Group has arranged the sale of Owings Mills Retail Center, a 22,782-square-foot property located at 9400-9424 Reisterstown Road in the Baltimore suburb of Owings Mills. The property is 94 percent occupied by tenants such as NTB Tire & Service, Dunkin’, Jersey Mike’s Subs and The Vitamin Shoppe. Gil Neuman of Neuman Commercial Group represented the seller, Cohen‐Fader LLP, in the disposition of the property for $8.1 million. Neuman also procured the private undisclosed buyer.