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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.”

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