Located at 5748 Baltimore National Pike in the Catonsvillesubmarket, Westview's tenants include Sam's Club, Lowe's HomeImprovement and Value City. Value City has been a longstandingoccupant in the mall, ever since it was originally constructed inthe late 1950s. In 2003, Westview--then an indoor facility--wascompletely rehabbed.

Wharton Realty plans to add value to its new acquisition byrepositioning a dark theater and vacant pad site that are currentlypart of the center, now 93% occupied.

The mall has a 35,000-sf former vacant movie theater, Massryexplains. "We are confident we will be able to put a nationaltenant there," he says. Of course, this will require aredevelopment of the theater, and a possible relocation of some ofthe tenants while construction is under way. "We are stillanalyzing that," Massry says, estimating that the redevelopmentcosts will come in at $1.2 million. Asking rate for the space,which will depend on the renovations, is likely to be $15 per sf,he adds.