Crosspoint Shopping Center

Jones Lang LaSalle, serving as exclusive advisor, proudly presents the acquisition opportunity for Crosspoint Shopping Center—a 170,114 SF Target shadowed regional shopping destination in Hagerstown, Maryland. This center showcases an exceptional tenant lineup with 98% of the property occupied by national or regional retailers and distinguished junior box co-anchors including Ross, Ocean State Job Lot, DSW, Michaels, and Petco.

Attracting 3.1 million shoppers annually, Crosspoint Shopping Center has established itself as a dominant retail destination in the market due to its high-performing, diverse tenant mix and location in a regional retail destination adjacent to Valley Mall, a 917,100 SF mall serving the larger Western Maryland, Central Pennsylvania and Eastern West Virginia markets.

The center features compelling value creation opportunities via the Mark-to-Market opportunity with junior anchor DSW, a potential pad site development, and the opportunity to spin off existing out-parcel strip centers to achieve cap rate accretion. This strategic positioning allows investors to capitalize on both stable current income and future growth potential.

Crosspoint Shopping Center offers an exceptional opportunity to acquire a high performing regional shopping center with premium shadow anchors that drive significant foot traffic and provides multiple avenues for value enhancement.