X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BEL AIR, MD-The 115,000-sf Greenbrier Shopping Center and an adjacent five-acre parcel have become the property of Mid-Atlantic Realty Trust in a $25.5 million deal. Part of the transaction calls for the real estate investment trust’s assumption of a $12.3-million mortgage package. Baltimore’s Security Management Corp. developed the property in 1994.

Located just outside of Baltimore, the strip mall occupies 14.2 acres and is home to such retailers as Blockbuster Video, CVS Drug, Radio Shack and a 50,000-sf Safeway grocery store. The nearby vacant parcel of land is capable of accommodating up to 50,000-sf of retail space.

“This center dovetails nicely into MART’s existing portfolio and strategy,” company president and CEO F. Patrick Hughes says. “It is anchored by a high-volume grocery store in an area with strong demographics. Expansion of the center is planned for the immediate future. This center brings to 41 the number of shopping centers owned and operated by MART.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.