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| Bel Air North Village retail center, Forest Hill, MD |
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| 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 | www.hfflp.com
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