The 30-year-old mall sits off the Baltimore Beltway at 6901 Security Boulevard and offers a little over 1 million sf of retail space. JC Penney was one of the property's six anchors, which include Sears, Hecht's Burlington Coat Factory, and AMC Theatres.
The mall carries the distinction of having near capacity small-store tenancy, with 96% occupancy. JC Penney Properties Inc. acquired the two-story structure from Security Square Associates LLC in 1973 for about $780,000. MIE has not decided what it will do with the building, but the company is reportedly looking to fill it with another retailer although other options are being considered as well.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
