Pikesville Company Interested in Owings Mills Mall

A Pikesville real estate company is looking to buy the Owings Mills Mall, according to media reports.

America’s Realty LLC has approached Kimco Realty, the company that currently owns the mall along with General Growth Properties, about buying their stake in the property, according to a Baltimore Business Journal report.

Carl Verstandig, the company’s CEO, told the BBJ he offered 10 to 15 percent more than other buyers for the mall, which has a vacancy rate of 55 percent. Verstandig could not be reached for comment.

Kimco, which unveiled plans to redevelop the mall, route: {:controller=>"articles", :action=>"show", :id=>"kimco-unveils-owings-mills-mall-revamp-designs"} --> in February, have not revealed what its next steps are going to be. Geoff Glazer, Kimco’s vice president of acquisitions and development for the Mid-Atlantic and Northeast regions, previously said Kimco would if the Solo Cup plant on Reisterstown Road was rezoned, making way for a Wegmans-anchored center called Foundry Row.