MCB Real Estate completed the purchase of an ownership interest in Annapolis Plaza, a 165,565-square-foot retail destination located at 150 Jennifer Road in Annapolis, Maryland.
MCB’s institutional partner will retain an ownership interest in the property, while MCB will oversee leasing strategy, asset management, and property management at the center. Annapolis Plaza represents the latest asset in MCB’s established grocery-anchored retail portfolio. The deal further expands the firm’s footprint in the Mid-Atlantic while tapping into consumer demand within the Annapolis area.
Annapolis Plaza is home to several retailers, including Trader Joe’s, Homesense, HomeGoods, and Marshalls, with a soon-to-open World Market joining the list. “By securing a dominant center with some of the most attractive retailers in the country, we are capitalizing on proven foot traffic and long-term stability. We remain focused on maintaining this momentum as we continue to scale our national retail platform,” said P. David Bramble, Managing Partner and Co-Founder of MCB Real Estate.
The post MCB Real Estate Acquires Stake in Annapolis Retail Center appeared first on Connect CRE.
