The Hutensky Group, LLC, based in Connecticut, purchasedLutherville Station Shopping Center located in Lutherville for$30.75 million from Lutherville Station Business Trust. Tenants inthe 271,000-sf property include Borders, Old Navy, Loehmann's,Circuit City, and two agencies of the State of Maryland.
This is the second purchase for the firm in the Baltimore retailmarket in the last 15 months. It also invested in the 277,666 sfCatonsville Plaza in Catonsville, anchored by Shoppers FoodWarehouse.
Vice president of acquisitions Veronique Longo tells GlobeSt.comthat the company is seeking investment opportunities nationwide butactively interested in the Maryland market for furtheracquisitions, as well as Texas and New Jersey--other locations inwhich it has invested. "We are looking to invest $200 million thisyear in shopping centers that offer opportunity forimprovement."
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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.
