Normandy National Pike LLC Acquires Normandy Shopping Center From Normandy Venture LP For $57.5M

The retail asset located at 8450 Baltimore National Pike in Ellicott City, MD, was sold for $57,500,000. This property features a total square footage of 185,000 and is fully leased, hosting tenants such as Planet Fitness, Bank of America, and Kelsey's Restaurant. The shopping center was built in 1961.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $57,500,000
• Square Footage: 185,000 SF
• Price Per Square Foot: $311
• Buyer: Normandy National Pike LLC
• Seller: Normandy Venture LP
• Market: Ellicott City, MD
• Broker: MacKenzie Commercial

MacKenzie Commercial arranged the transaction between Normandy National Pike LLC and Normandy Venture LP, facilitating the sale of the Normandy Shopping Center. The deal highlights the active involvement of the brokerage in this retail market transaction.