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
Closing date Still open
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 20
No. of anchor tenants 4
No. of floors 1
Parking 2,212[1]
Website []

The Centre at Glen Burnie is a regional partially enclosed shopping mall located in Glen Burnie, Maryland. Anchor Stores are: Toys-R-Us, Target, H.H Gregg, And Office Depot. The Centre currently has 20 stores and 4 anchors on 1 floor. It will be demolished later in 2017 to make way for a new movie theater, bowling alley, and health club. It is owned by Goodman Properties and managed by 6711 GLEN BURNIE RETAIL LLC, a subsidiary of LNR Property LLC..

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. As hhgreg closed in 2017. 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]

In December 2016, 5 stores left the mall including one of the anchors Famous Footwear. On December 31, 2017 the mall will close to make way for a new movie theater, bowling alley, and health club.

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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