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Catonsville Plaza Shopping Center

Catonsville Plaza Planet Fitness
Catonsville Plaza Dollar General
Catonsville Plaza Forman Mills
Catonsville Plaza Subway

Portfolio Asset

Name Catonsville Plaza Shopping Center
Type Real Estate

Description

Catonsville Plaza Shopping Center (Catonsville Plaza) is 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: approximately 150,000 residents live, and more than 67,000 employees work, within a three-mile radius of Catonsville Plaza.

Catonsville is a growing community in southwest Baltimore County, close to Baltimore; Washington, DC; major highways; commuter rail lines and BWI Airport. Major nearby employers include the Social Security Administration headquarters, the Centers for Medicare and Medicaid Services, the FBI, University of Maryland Baltimore County and Kaiser Permanente.

Catonsville Plaza is in the Baltimore National Pike/US Route 40 retail corridor, less than one mile from Exit 15A Catonsville on I-695. The corridor boasts an impressive tenant lineup, including Walmart, Sam’s Club, Safeway, Giant, Lowe’s, Home Depot, Staples, Marshall’s and Advanced Auto Parts.

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.