{"id":1004201240,"date":"2017-12-19T07:52:19","date_gmt":"2017-12-19T15:52:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201240"},"modified":"2022-12-09T00:11:28","modified_gmt":"2022-12-09T08:11:28","slug":"hff-brokers-grocery-anchored-retail-sale-in-md","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-brokers-grocery-anchored-retail-sale-in-md\/","title":{"rendered":"HFF Brokers Grocery-Anchored Retail Sale in MD"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004201241\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201241\" data-attachment-id=\"1004201241\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-brokers-grocery-anchored-retail-sale-in-md\/north-east-station\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg\" data-orig-size=\"1297,974\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1513701085&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"North East Station\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;North East Station, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg?w=1024\" class=\"size-medium wp-image-1004201241\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg\" alt=\"North East Station, Md.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg 1297w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/North-East-Station-e1513696640198.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201241\" class=\"wp-caption-text\">North East Station, Md.<\/p><\/div>\n<p>HFF has arranged the sale of North East Station, an 87,006-square-foot, grocery-anchored shopping center in North East, Md. The HFF team represented the seller and procured the buyer, Klein Enterprises.\u00a0<\/p>\n<p>Located halfway between Baltimore and Philadelphia, at 2500-2548 West Pulaski Hwy., the retail center is situated on 42.2 acres, at the intersection of Routes 40 and 272. North East Station is anchored by Food Lion, and is approximately 90 percent leased by tenants like Walgreens, AutoZone and Wendy\u2019s.<\/p>\n<h2>North East Station<\/h2>\n<p>The HFF team representing the seller included Managing Director Chris Munley, Senior Director Jordan Lex, Director Michael DiCosimo, Managing Director John Owendoff and Executive Managing Director Stephen Conley.<\/p>\n<p><em>\u00a0\u201cAnchored by a well-performing Food Lion, North East Station was well received in the investment community,\u201d<\/em> Munley said, in prepared remarks. <em>\u201cGrocery-anchored retail continues to demand premium pricing, and North East Station was no exception, as there were a significant amount of competitive bids near or at ultimate strike price that were procured during marketing.\u201d<\/em><\/p>\n<p>In November, HFF arranged the sale of\u00a0another\u00a085,576-square-foot\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/westover-buys-suburban-philly-retail-center\/\">grocery-anchored retail center<\/a>, located in suburban Philadelphia.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Totaling 87,006 square feet, the North East Station shopping center is located between Philadelphia and Baltimore and anchored by Food Lion.<\/p>\n","protected":false},"author":739,"featured_media":1004201241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,21749],"tags":[38653,38655,32792,38652,38654],"class_list":["post-1004201240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-retail","tag-chris-munley","tag-food-lion","tag-hff","tag-klein-enterprises","tag-stephen-conley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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