BALTIMORE, MD (July 10, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today it represented Vanguard Equities, Inc. in the purchase of 63,694 square feet at Golden Ring Center (top right photo) located at 8823 Pulaski Highway in Baltimore, MD.Grubb & Ellis’ Matthew B. Cooper, senior associate, and Eddie Goldmeier, vice president, facilitated the transaction. Circuit City, the owner of the strip mall, was represented by DJM Realty.
“Over the past decade, this specific trade area has undergone a substantial redevelopment,” said Cooper. “It is considered a vibrant, well-established retail district in the northeast Baltimore City region.”
Vanguard plans to redevelop and lease the space, which was previously occupied by Circuit City, the prior anchor store. Current tenants include West Marine Inline and National Tire and Battery. Approximately 10,000 square feet of space is available for lease.
Vanguard Equities, Inc., based in Baltimore, is a leading real estate development firm, involved in shopping center development.
Contact: Erin Mays, 312.698.6735, erin.mays@grubb-ellis.com
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