The vacancy rate across the portfolio is negligible, which isnot surprising given that most of the retail centers are thedominant properties in their respective trade area, Wilner says."All together we will be leasing out approximately 30,000 sf." Theasking rental rates for these properties will range from $25 per sfto $45 per sf.

KLNB is in the process of evaluating each center on acase-by-case basis, he explains. "We are evaluating the vacanciesand putting together a target tenant list for each space. We arelooking at opportunities to not only bring in new tenants but moveplayers around in order to create even more value in theportfolio."

The projects include the Boulevard at the Capital Centre, a480,000-sf shopping venue in Largo, MD that was the former site ofthe Capital Centre sports complex; Centre at Laurel, a 140,000-sfproject also in Laurel, MD; Chantilly Crossing, a 77,000-sf centerin Chantilly, VA; a 275,000-sf shopping center in Annapolis, MDcalled Gateway Village; Reisterstown Road Plaza, a 804,000-sfretail project in Baltimore City that was formerly an enclosedmall; the Shoppes at Quarterfield, a 62,000-sf center in Severn,MD; the 400,000-sf Tollgate Plaza in Bel Air, MD; and TowsonCircle, a 110,000-sf center in the heart of Towson, MD.