Reisterstown Shopping Center recently changed hands for $40.6 million to a pair of Washington, D.C. area companies.
“We are thrilled to take on Reisterstown Shopping Center,” said Henry Fonvielle, president of Rappaport, in a statement Thursday. “The center is a strong neighborhood asset, and this engagement is an exciting addition to our roster of properties. It reflects the trust owners place in our ability to elevate community shopping centers through thoughtful leasing, active management and a strategic long-term vision.”
Rappaport will lead advisory and management efforts for the shopping center. Rappaport’s services will strengthen the center’s role as a community-focused retail destination.
The center is anchored by a nearly 30,000-square-foot Lidl, a 32,851-square-foot Lowe’s Outlet and several other national chains like Chipotle, Chick-fil-A, Planet Fitness and Starbucks. The center at 11989 Reisterstown Road has about 6,000 square feet of space available for lease.
