Descripción

Jones Lang LaSalle, serving as exclusive advisor, is pleased to present the acquisition opportunity for Turf Valley Towne Square – a 127,187 SF grocery-anchored shopping center located in prestigious Howard County, Maryland; one of the wealthiest counties in the nation. The property achieves 98% occupancy and demonstrates strong leasing momentum, with over 26,000 SF of new retail space signed within the past 12 months, including national credit-backed BluePearl, a 19,599 SF premier pet hospital currently under construction with an anticipated October 2026 opening.

The center is anchored by Harris Teeter, which is a national grocer chain with over 250+ locations and has minimal direct competition near-by. Harris Teeter generates over $32 million in annual sales (2025), equating to $657 PSF and a robust 2.1% Health Ratio. The property’s diversified tenant roster mitigates rollover risk, with no tenant representing more than 20% of total rent. Three high-performing local restaurants serving the immediate neighborhood complement the tenant mix, providing revenue diversity and catering to the surrounding affluent demographics.

Strategically positioned within the prestigious Turf Valley Community, the property benefits from its prime location within a densely populated and growing area consisting of over 900 residences, two golf courses, one full-service resort hotel with 172 rooms, conference center, and a high school—all within a one-mile radius. As the only walkable retail center serving this concentrated residential base, the property captures exceptional foot traffic and consumer demand. The center presents compelling value-creation opportunities, including a development-ready pad site supported by a received LOI with potential annual base rent of $150,000.

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