Baltimore’s Homeland Shopping Center is changing hands, as Homeland Retail Center LLC sold the property on March 29 to York Investment Inc for $4,040,000.
The shopping center came to market already 100% leased to 16 tenants, with uses ranging from retail, medical, services, food, liquor, and office. The footprint is nearly 1.5 acres and stands at the intersection of York Road and Woodbourne Avenue in Baltimore City.
Daily traffic count is over 28,000 cars per day, as Homeland Shopping Center is a neighborhood hub in the busy neighborhood of Govans, just south of Northern Parkway. Most of the tenants have been there for years. The shopping center has a large interior parking lot, two buildings, and a York Road pylon at the cross section of the bustling thoroughfare.
“Homeland Shopping Center was under contract within 45 days of our marketing deployment,” said Gilbert Trout, who represented the seller, Homeland Retail Center LLC. “The sale of this Baltimore City asset generated strong and constant interest from a wide variety of investors from not only the Baltimore market, but from also from throughout Maryland, DC and Virginia.”
Trout called Homeland a “necessity center.” He said the Govans neighborhood is dense and diverse and that the shopping center provides services that perfectly match the needs of the community.
“Homeland has it all: food, health care, a driving school and retail; in addition, the tenants are wonderful people and are devoted to this neighborhood,” Trout said. “The Govans community responds in kind, and the parity between the types of tenants in Homeland center and the needs of the surrounding community is why Homeland has been 100% leased for years. Govans is loaded with authentic Baltimore style, history and so many caring people, and I’m grateful to be a part of the economic growth of Baltimore City and of the York Road corridor.”
