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TOWSON, MD-With the assistance of the Towson office of KLNB Retail, Elysian Partners finds new owners for three of its grocery-anchored shopping centers. Accounting for a total of total of 242,000 sf, the retail properties brought in a sum of $34.5 million.

“Historically low interest rates and a dearth of available properties for sale, continue to fuel this seller’s market in the Maryland/Virginia/Pennsylvania/Delaware market,” KLNB’s Kevin Barrett says. “Grocery-anchored retail centers are the most sought-after commodity, and buyers are receiving excellent value for projects that are well-positioned and substantially leased,” He said the firm is fielding numerous offers for available retail projects, and there are more buyers than sellers currently.

Anchored by Shoppers Food Warehouse, the 72,000-sf Shoppers at Owings Mills commanded $13.9 million from 145 Albany Avenue LLC and SFW Strip LLC. In Severn, the 61,800-sf Shoppers at Quarterfield, also anchored by a Shoppers Food Warehouse, sold to Inland Western Severn LLC for $9.7 million. And Hagerstown’s Shoppes at Antietam, a 108,000-sf shopping center anchored by Weis Markets, commanded $11.9 million from Washco Development. All three sites wee 100% occupied at the time of the transaction.

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