KLNB Brokers $19.3M Sale Of Three Retail Shopping Centers In Maryland And Pennsylvania

The transaction involved the sale of retail assets located at 210 Village Center Drive, 5210 Baltimore National Pike, and 1500 Main Street. The total sales amount reached $19,300,000, encompassing 161,000 square feet of retail space across the markets of Lusby & Baltimore, MD, and Peckville, PA. The price per square foot was calculated at $120.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $19,300,000
• Square Footage: 161,000
• Address: 210 Village Center Drive & 5210 Baltimore National Pike; 1500 Main Street
• Market: Lusby & Baltimore, MD; Peckville, PA
• Price per Square Foot: $120
• Brokers: Christopher Burnham & Vito Lupo - KLNB

The sale involved KLNB's Retail Capital Markets team, which successfully brokered three shopping center sales as part of this transaction. These included the $6.85 million sale of Lusby Center in MD, the $7.78 million sale of Peckville Shopping Center in PA, and the $4.7 million sale of Charing Cross Shopping Center in MD.