The JCR Cos. of Washington, D.C., has acquired Riverton Commons, a 69,496- square-foot shopping center in Front Royal for $17.7 million from EDENS.Read Article
Over $2 billion in retail investment sale transactions
The H&R Retail Investment Properties Team is a fully integrated, full-service retail real estate investment service provider with access to state of the art resources and extensive market research. The H&R Investment Sales Team has one objective - maximizing value for sellers of retail Investment Properties in the greater Washington DC –
Baltimore area. Our dedicated team provides clients with unparalleled market
knowledge, aggressive marketing, extensive experience, and uncompromising service.
Retail only focus
Drawing upon H&R Retail’s extensive leasing practice, representing more than 70
national, local, and regional tenants plus more than over 14 million square feet of
shopping centers, we partner with our clients to devise strategies that maximize the value of their real estate and leverage our capital markets experience and tenant
We understand the sophisticated needs of retail real estate investors as well as the
ever-changing environment of the retail industry. We are uniquely qualified to provide our clients with a comprehensive and accurate analysis and market insight to achieve maximum investor interest, pricing, and speed to market. From strip centers to portfolio sales, we tailor a strategic disposition plan that maximizes the value of our client’s real estate assets to ensure that all expectations are exceeded.
Maximizing Your Value
The H&R Retail Investment Properties Team has one objective - maximizing value for sellers of retail investment properties in the greater Washington DC – Baltimore area. For over 30 years our clients have relied on us to deliver the industry’s premier level of shopping center investment transaction service.
Retail Market Leader
As a market leader in the Washington-Baltimore CMSA, with transaction volume in excess of $2.0 billion, we maintain direct relationships with an extensive investor base including local, national, offshore entities, public and private investors, users, and
Meet the Team
Mike is a Principal with H&R Retail and leads the Investment Sales Group whose sole focus is facilitating the disposition of retail real estate. Mike has been actively engaged in the leasing, development and investment sales of shopping centers for more than 35 years including over 15 years with CBRE rising to the position of Director of Retail Marketing for the Eastern Division, responsible for major account development and the coordination and training of more than 100 retail brokers in 22 offices, before moving into Investment Sales and was a member of the Institutional Group. After CBRE, Mike was the President of Donohoe Development where he oversaw the development of numerous large development projects around the Washington, DC market such as Idylwood Plaza and Chevy Chase Pavilion a 750,000 sf office/retail/hotel mixed used project. In 1994, Mike returned to the Investment Sales business and has been one of the Washington/Baltimore’s most highly regarded retail investment sales brokers ever since. Over the past 20 years, Mike has closed transactions with total consideration in excess of $2 billion.
Professional Affiliations & Recognition:
- B.S., Indiana University
- Marine Veteran, Vietnam War
- Member, ICSC
- Member, Urban Land Institute
- Member, Certified Investment Member
- Past President of NAIOP
Sterling Organization in Palm Beach, Fla., has sold the Market at Opitz Crossing, a 157,724-square foot PriceRite- anchored shopping center that it owned for three-and-a- half years.Read Article
New York City-based O’Connor Capital Partners bought the 265,000 sf The Shops at Stone eld, for $121.1 million from Edens with plans for improvement.Read Article
The Marley Station mall in Glen Burnie was sold at auction for +- $21.5M by LNR Properties to an unnamed buyer (the sale is scheduled to be nalized at a later date).Read Article
Retail Properties of America Inc. (NYSE: RPAI) will pay up to $163.1 million to acquire One Loudoun’s downtown from the joint venture team that developed it, the companies announced recently.Read Article
Weis Markets announced it is buying 21 Food Lion stores in Maryland — six of them in the Baltimore area. In all, Weis is purchasing 38 Food Lion locations across Maryland, Virginia and Delaware. A purchase price was not disclosed.Read Article
The Peterson Cos. has sold portions of its Virginia Gateway retail holdings as well as a medical office building in the Gainesville, VA submarket for a total of $208 M.Read Article
Retail Properties of America Inc. (RPAI), a shopping center REIT, has purchased Towson Square, a 138,000 sf entertainment-based retail center anchored by a newly constructed 15-screen Cinemark Theatre.Read Article
Parkway Crossing, a 260,000-sf Big Lots, ShopRite and Home Depot anchored shopping center located at 2331 Cleanleigh Drive in Baltimore County, MD, has traded hands between two real estate investment trusts.Read Article