Centre at Glen Burnie

Centre at Glen Burnie
Location Glen Burnie, Maryland, USA
Coordinates 39°11′29″N 76°36′39″W / 39.1913°N 76.6107°W / 39.1913; -76.6107Coordinates: 39°11′29″N 76°36′39″W / 39.1913°N 76.6107°W / 39.1913; -76.6107
Address 6711 Ritchie Highway,
Glen Burnie, Maryland 21061
Opening date 1963 (as a mall) 2018 (as a shopping center)
Developer Edward J. DeBartolo, Sr.
Management Goodman Properties
Owner 6711 GLEN BURNIE RETAIL LLC, a subsidiary of LNR Property LLC.
No. of stores and services 15
No. of anchor tenants 3 (3 VACANT)
Parking 2,212[1]
Website []

The Centre at Glen Burnie is an Outdoor Shopping Center in Glen Burnie, Maryland. It sits on the site of the former Centre at Glen Burnie Mall. It has about 15 stores and 3 Anchor stores; Target, Office Depot And Famous Footwear. Toys-R-Us is closing in July, 2018 due to Bankruptcy. It is owned by Goodman Properties and Managed by 6711 Glen Burnie Retail, LLC a subsidiary of LNR Property Inc.. H.H. GREGG Left the Centre in 2017 due to bankruptcy.

History

The center opened in 1963 as the Glen Burnie Mall, the third shopping mall developed by Edward J. DeBartolo, Sr..[2] At the time of its opening it had Montgomery Ward as an anchor as well as an A&P grocery store, a G.C. Murphy variety store and a single-screen movie theater. The mall's second anchor, a Topps Discount City (a division of Interstate Department Stores) was dedicated in March 1969. This store was shuttered in late 1974. Toys "R" Us (another Interstate division) opened a store in the Topps space, as did Baltimore-based Epstein's department store.[2] Today that space is occupied by Toys "R" Us and Office Depot. A fire damaged the north end of the mall on October 24, 1981. The center, except for Montgomery Ward, was closed while renovations could be completed. The shopping center re-opened in November 1982.[2]

Montgomery Ward went out of business in 2000. In 2002, the mall was sold to Petrie Ventures, which announced plans to tear down the vacant Wards store and built a new Target discount store.[3] The mall also underwent extensive renovations that added outward-facing retail bays. In 2005, the mall was renamed the Centre at Glen Burnie. In 2012, Jones Lang LaSalle was named leasing agent and manager of the center.[4]

The property was transferred on March 14, 2016 from the legal entity BACM 2006-5 Ritchie Highway LLC to one known as 6711 Glen Burnie Retail LLC for a book amount of $15M.[5] Both LLC's are, in turn, ultimately owned by Starwood Property Trust LLC in Greenwich, CT.[6] Starwood owns the property through its $1.05 billion acquisition of LNR Property LLC and its subsidiary LNR Partners LLC of Miami, FL in 2013.[7]

As of 2017, the centre at Glen Burnie mall is being renovated into being an outdoor strip mall with the same anchors, remaining stores, and a new movie theater.

References

  1. ↑ "Centre at Glen Burnie fact sheet" (PDF). Jones Lang LaSalle. 2014-04-01. Retrieved 15 December 2014.
  2. 1 2 3 "Glen Burnie Mall". Mall Hall of Fame. October 2008. Retrieved 15 December 2014.
  3. ↑ "Maryland Department of Assessments and Taxation Business Services". Baltimore Business Journal. Retrieved 6 January 2017.
  4. ↑ "Jones Lang LaSalle tapped to lease Centre at Glen Burnie". Baltimore Business Journal. 1 August 2012. Retrieved 15 December 2014.
  5. ↑ "Real Property Data Search". Maryland Department of Assessments and Taxation Business Services. Retrieved January 6, 2017.
  6. ↑ "Real Property Search for 6711 Ritchie". Maryland Department of Assessments and Taxation Real Property Search. Retrieved January 6, 2017.
  7. ↑ "Starwood Property Trust At a Glance: Transactions". www.starwoodpropertytrust.com. January 6, 2014. Retrieved 2017-01-06.
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