The firm has closed on a 12.5-acre parcel near the intersectionof Routes 32 and 26 in Carroll County--a site that is next to a310,000-sf community shopping center also owned and managed byBlack Oak.

A $20-million, 90,000-sf green lifestyle center will bedeveloped on its newly acquired land. The complex, Main StreetEldersburg, will front on Londontown Boulevard and consist of threeseparate buildings, with five pad sites on the parking lot, for atotal of five anchors.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.