301.807.6390

News

Catonsville Plaza Shoppers Food & Pharmacy

CYwP Fund III Invests in Catonsville Plaza Shopping Center

Current Yield with Participation Funds (CYwP Funds) announced today that Current Yield with Participation Fund III (CYwP Fund III) has invested in Catonsville Plaza Shopping Center (Catonsville Plaza), a Class B, 279,585 sq. ft. grocery-anchored urban retail center in Catonsville, MD. The property’s excellent visibility and access draw high consumer traffic from a dense surrounding demographic.

Catonsville is a growing community in southwest Baltimore County, close to Baltimore; Washington, DC; major highways; commuter rail lines and BWI Airport. Catonsville Plaza is in the Baltimore National Pike/US Route 40 retail corridor, less than one mile from Exit 15A Catonsville on I-695.

Catonsville Plaza is 99 percent leased to 16 national and regional tenants; 53 percent of the tenants have been in occupancy for more than 10 years. The five major anchor tenants are Shoppers Food & Pharmacy, Salontra Select Suites, Forman Mills, Planet Aid and Planet Fitness. Other tenants include Dollar General, DaVita Dialysis, Merchant’s Tire & Auto Center, Dunkin’ Donuts and Subway.

Constructed in 1975, renovated in 1992 and 2015, the property is in good physical condition; recent major capital improvements include HVAC, parking lot upgrades and roof replacement.

The investment will be used to maintain a stabilized occupancy.