Located at 5748 Baltimore National Pike in the Catonsville submarket, Westview's tenants include Sam's Club, Lowe's Home Improvement and Value City. Value City has been a longstanding occupant in the mall, ever since it was originally constructed in the late 1950s. In 2003, Westview--then an indoor facility--was completely rehabbed.

Wharton Realty plans to add value to its new acquisition by repositioning a dark theater and vacant pad site that are currently part of the center, now 93% occupied.

The mall has a 35,000-sf former vacant movie theater, Massry explains. "We are confident we will be able to put a national tenant there," he says. Of course, this will require a redevelopment of the theater, and a possible relocation of some of the tenants while construction is under way. "We are still analyzing that," Massry says, estimating that the redevelopment costs will come in at $1.2 million. Asking rate for the space, which will depend on the renovations, is likely to be $15 per sf, he adds.