Triple-Net-Lease Whole Foods Market in Towson Trades for $27M
Stan Johnson Company has brokered the $26.8-million sale of a single-tenant retail store located at 300 Towson Row in Towson, MD. The 63,750-square-foot property is triple-net leased to Whole Foods Market.
The property was built in 2021 and is situated on 4.3 acres in downtown Towson. The grocery store is the anchor tenant for the mixed-use development and is located less than one mile from Towson University and approximately 10 miles north of Baltimore.
Jason Maier of Stan Johnson Company represented the buyer, a private investor based in NY. The 1031 exchange buyer acquired the asset from a MA-based investor.
“Developer Greenburg Gibbons has transformed the area around Towson University,” said Maier. “This new mixed-use development project has converted the entire downtown area, bringing new student housing, retail with national tenants, hotels and of course this new Whole Foods, which anchors the entire development and brings enormous traffic to the Towson community.”
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.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!