Regional manager Jeff Algatt tells GlobeSt.com that the singletenant net lease investment sector had slowed down about 90 daysago as interest rates began to climb. "Now we see it coming back toan active market again," he says.

Pace-Ingleside LLC, based in Missouri, has sold SEC US Route 40and Ingleside Ave. in Catonsville, Md., a 14,820 sf single-tenantretail building leased by Walgreens, for $8.5 million, or $573.55per sf, to New York-based P&A Fortang, Inc. through an IRC 1031Tax Deferred Exchange. Mark Taylor and Dean Zang of the Taylor-ZangRetail Investment Group, of Marcus & Millichap's Philadelphiaoffice, represented Pace-Ingleside. The Taylor-Zang Group alsorepresented the buyer.

Hall Cambridge Investments, LLC, based in Maryland, has sold 701Sunburst Highway in Cambridge, Md., a 10,908 sf single-tenantretail building leased by Eckerd to Delaware-based Cambridge Eck,LLC, which purchased the Rite Aid for $4.8 million, or $440.04 persf. Taylor and Zang represented Hall Cambridge Investments in thisdeal as well. Matt Whiteside of Marcus & Millichap's Milwaukeeoffice represented Cambridge Eck.

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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.