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Klein Enterprises has completed the redevelopment of the Valley Plaza shopping center in Hagerstown, MD and signed the state’s first Boot Barn as a new tenant.

Redevelopment of Hagerstown Retail Center Lures Maryland’s First Boot Barn

Klein Enterprises, a vertically integrated investor, developer and operator of diversified real estate holdings, has completed the redevelopment of the Valley Plaza shopping center in Hagerstown, MD.

Enhancements to the center, located at 1701 Massey Boulevard, include an all new-facade, new pylon signage, a resurfaced parking lot and lighting upgrades. According to Klein Enterprises, several national retailers have signed leases with the shopping center; Hobby Lobby is now open, and the first Boot Barn in MD is expected to open in the coming weeks.

Klein Enterprises purchased the shopping center in July 2022 as part of a larger portfolio acquisition from Cedar Realty Trust that included nine grocery-anchored shopping centers spanning MD, VA and PA. Valley Plaza is one of two purchased in the portfolio acquisition that are undergoing redevelopment.

Baltimore, MD-based Klein Enterprises has nearly 60 assets comprised of over 3.5 million square feet of commercial properties and over 2,000 Class A multifamily units.


Inside The Story

Klein Enterprises' Devin Gerhart

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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