{"id":1004149878,"date":"2016-08-10T06:53:24","date_gmt":"2016-08-10T14:53:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149878"},"modified":"2020-05-18T16:43:24","modified_gmt":"2020-05-19T00:43:24","slug":"bmore-retail-center-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bmore-retail-center-changes-hands\/","title":{"rendered":"B\u2019More Retail Center Changes Hands"},"content":{"rendered":"

By Bogdan Odagescu, Associate Editor<\/em><\/p>\n

\"Catonsville<\/a>

Catonsville Plaza, Baltimore<\/p><\/div>\n

Baltimore<\/strong>\u2014Greysteel<\/a> recently closed on the transaction of Catonsville Plaza in Baltimore on behalf of the seller, an affiliate of Hutensky Capital Partners<\/a>. The team led by Greysteel Managing Director Gil Neuman also procured the buyer, Mosaic Realty Partners<\/a>, who shelled out $28.6 million for the 280,000-square-foot property. According to the Washington Business Journal<\/em>, the asset hit the market in February<\/a>.<\/p>\n

Sitting on a 15-acre lot at 5457 Baltimore National Pike, Catonsville Plaza is located within a dense residential area, less than 1.5 miles from Interstate 695. The retail center is also close to major employment clusters, including the Woodlawn Federal Center, which hosts 16,000 federal employees and many private businesses. At the same time, the property offers quick access to Interstates 70, 95 and 895, as well as the Baltimore-Washington Parkway.<\/p>\n

Catonsville Plaza is 99 percent leased and anchored by Shoppers Food Warehouse and Dollar General. The discount-oriented tenant roster includes 14 other businesses, among which Planet Fitness, Planet Aid, Merchant\u2019s Tire & Auto Centers, Subway, Dunkin Donuts and Metro PCS.<\/p>\n

\u201cThe sellers diligently created new asset value through strategic leasing, renewals, and capital upgrades. The buyers have acquired a stabilized credit-tenant asset fronting a high traffic commercial corridor in a dense and growing demographic,\u201d Neuman said in a prepared statement.<\/p>\n

Image courtesy of Greysteel<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 280,000-square-foot Catonsville Plaza is 99 percent occupied by 16 tenants including Shoppers Food Warehouse and Dollar General. <\/p>\n","protected":false},"author":740,"featured_media":1004149879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21743,21783,11,21742,21749],"tags":[],"class_list":["post-1004149878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-deals","category-investment","category-midatlantic","category-latest","category-retail"],"acf":[],"yoast_head":"\nB\u2019More Retail Center Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bmore-retail-center-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"B\u2019More Retail Center Changes Hands\" \/>\n<meta property=\"og:description\" content=\"The 280,000-square-foot Catonsville Plaza is 99 percent occupied by 16 tenants including Shoppers Food Warehouse and Dollar General.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bmore-retail-center-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-10T14:53:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T00:43:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Catonsville-Plaza-Baltimore.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bogdan Odagescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bmore-retail-center-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bmore-retail-center-changes-hands\/\",\"name\":\"B\u2019More Retail Center Changes Hands - 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