Towson Commons Retail LLC, a local investment group consisting of affiliates of MFI and Woodmont Properties II, LLC, has purchased the retail portion of Towson Commons, adding to the more than $1 billion in recent private investment to downtown Towson. Local retail-focused brokerage firm MFI Realty is the leasing agent and is affiliated with the buyers of the 115,000 square feet of retail space along York Road and Pennsylvania Avenue.
“We are excited to see MFI and Woodmont Properties going big in downtown Towson,” said Baltimore County Executive Kevin Kamenetz. “This is an exciting moment for Towson Commons. We have the on-the-ground local expertise of MFI Realty and its large presence along the York Road corridor combined with the business relationships and insight of well-established real estate investment firms.”
“Towson Commons is in the heart of a prestigious retail market with pent-up demand. We envision a mix of amenities to serve the many different customers in downtown Towson—residents, students, professionals and destination shoppers alike,” said Michael Stoltz, director of leasing for MFI Realty.
The street-front retail space for lease at Towson Commons is connected to a separately owned and renovated 231,000-square-foot Class A office tower anchored by General Dynamics Information Technology, a new 54,000-square-foot LA Fitness and an 887-space adjacent parking garage.