ANNAPOLIS, MD — A deal outlining MCB Real Estate's acquisition of Annapolis Plaza was finalized Friday, officials announced.
The real estate company said in a statement to Patch that, moving forward, the firm would oversee all of the shopping center's leasing strategies and property and asset management.
However, an "institutional partner" not disclosed by the agency will retain ownership interest in the property.
"The acquisition of Annapolis Plaza is a testament to our team’s ability to identify high-quality institutional assets that align with our long-term growth objectives," P. David Bramble, who serves as the managing partner and co-founder of MCB Real Estate, said in a statement.
Related: World Market To Host Annapolis Grand Opening This Month
"By securing a dominant center with some of the most attractive retailers in the country, we are capitalizing on proven foot traffic and long-term stability. We remain focused on maintaining this momentum as we continue to scale our national retail platform.
Located at 150 Jennifer Road, Annapolis Plaza spans over 165,000 square feet and is anchored by Trader Joe's, HomeSense and Marshalls, among other stores.
The shopping mall will also serve as the new home of World Market, which is hosting a grand opening — ribbon-cutting ceremony included — on Friday. The store will be located next to Trader Joe's.
Officials said that in 2025 alone, the Annapolis Plaza recorded nearly 3 million customer visits.
Are you a local business owner? Post a business listing on Patch! It’s an easy way to reach a local audience and connect with customers close to home. Go here to get started today.
Sign up for free local newsletters and alerts for the
Annapolis, MD Patch
Patch.com is the nationwide leader in hyperlocal news.
Visit Patch.com to find your town today.