KLNB Retail Capital Markets is pleased to announce for sale Towson Square, a 138,119 SF value-add retail opportunity, anchored by a top-performing Cinemark, in the dense and affluent Towson submarket of Baltimore County, Maryland. Constructed in 2014, the asset presents immediate and long-term value-add opportunities through the lease up of 35,111 SF* of existing vacancy, and the property can be purchased significantly below replacement cost. The offering consists of three components: Cinemark theater, inline retail, and parking consisting of a 3-deck parking garage with approximately 850 spaces. The opportunity also presents a long-term covered land play with potential future opportunity for a multi-family repositioning, as the asset spans over 4.25 acres. Towson Square is positioned in the epicenter of Towson’s primary retail node, and is within walking distance to both Towson University and Goucher College (21,400+ students combined), creating a built-in consumer base for the asset.

* BJ’s Restaurant and Brewhouse is dark but current and paying rent. We have assumed space is occupied but dark in the total available square footage and occupancy calculation.

** Served by a connected,three deck, garage that consists of approximately 850 parking spaces)