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.

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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.

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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.

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The mall also has a vacant 5,000-sf pad site that the companyplans to lease out as well. This acquisition reintroduces thecompany to the Baltimore market. Currently Wharton Realty has noother holdings in the immediate area, Massry says. "It is a greatmarket for retail."

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