Friday, December 25, 2015

HFF closes sale of Baltimore-area retail center

Bel Air North Village retail center, Forest Hill, MD

Chris Munley
WASHINGTON, DC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Bel Air North Village, a 56,644-square-foot, CVS- and community bank-anchored retail center in the Baltimore suburb of Forest Hill, Maryland.

HFF marketed the property on behalf of the seller, Elysian Partners.  The property was purchased free and clear of existing debt by a private retail real estate fund advised by Crow Holdings Capital – Real Estate.

Bel Air North Village consists of three multi-tenant retail buildings; a CVS and Susquehanna Bank positioned on individual outparcel pads; and a 1.31-acre development parcel.

 Completed in 2007, the center also is home to Chopstix, David’s Natural Market, Fox & Fern, Great Clips, Crabtree Learning Center and MedStar Health.  

Bel Air North Village is situated on 13.7 acres at 1517-1525 Rock Spring Road (Route 24) where it converges with Route 1 in Forrest Hill, which, along with neighboring Bel Air, are affluent communities approximately 30 miles from downtown Baltimore.

The HFF team representing the seller was led by managing directors Chris Munley and John Owendoff and director Jordan Lex.

”Bel Air North Village represented a well-located shopping center with credit tenancy in an affluent suburb of Baltimore, which drove investor demand for our client,” Owendoff said.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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