For more retail coverage, click GlobeSt.com/RETAIL.

CALIFORNIA, MD-Occupancy expands at San Souci Plaza, now that Dollar General has signed on to occupy 8,300 sf of space at the 247,000-sf shopping center. San Souci Plaza sits at the intersection of Rte. 235 and MacArthur Blvd., a well-traveled spot in the St. Mary's retail corridor near the Naval Air Station.

Dollar General joins a tenant roster that includes anchor Shoppers Food Warehouse, which occupies a 61,400-sf space; as well as JoAnn Fabrics, Fashion Bug, and Maximum Health & Fitness, which committed to 15,600 sf in August.

Financial terms of Dollar General's lease with property owner Rushmore Properties have not been made available. However, Divaris Real Estate Inc., which handles leasing of San Souci on behalf of Rushmore, markets space at the retail property for $12 to $18 per sf. Retail Strategies represented the discount retailer in the transaction. Dollar General has over 7,000 locations in 30 states across the US.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.