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Pikesville Company Interested in Owings Mills Mall

Carl Verstandig, a Pikesville real estate investor, has approached Kimco to buy its stake in the mall, according to reports.

A Pikesville real estate company is looking to buy the Owings Mills Mall, according to media reports.

America’s Realty LLC has approached Kimco Realty, the company that currently owns the mall along with General Growth Properties, about buying their stake in the property, according to a Baltimore Business Journal report.

Carl Verstandig, the company’s CEO, told the BBJ he offered 10 to 15 percent more than other buyers for the mall, which has a vacancy rate of 55 percent. Verstandig could not be reached for comment.

Kimco, which unveiled plans to redevelop the mall, route: {:controller=>"articles", :action=>"show", :id=>"kimco-unveils-owings-mills-mall-revamp-designs"} --> in February, have not revealed what its next steps are going to be. Geoff Glazer, Kimco’s vice president of acquisitions and development for the Mid-Atlantic and Northeast regions, previously said Kimco would if the Solo Cup plant on Reisterstown Road was rezoned, making way for a Wegmans-anchored center called Foundry Row.

Carole September 20, 2012 at 10:55 PM
Excuse me, Reisterstown Man, but (1) Security Blvd looks like hell and (2) I live in Owings Mills and don't need my property values lowered any further by a "discount" grocery store or, for that matter, anything else labeled "discount."
Chuck Burton September 21, 2012 at 01:08 AM
Valid Point
Tokyo September 21, 2012 at 04:40 PM
I agree...please no liquor, no more dollar stores and please please no more wig and/or beauty stores. COSTCO would be awesome!!!
BoricuaMama October 01, 2012 at 04:32 PM
I agree with you Kim. Those would be good stores!
Super Deacon April 11, 2013 at 03:21 PM
It would be nice to see a Dick's Sporting Goods on the grounds. There is not sporting good store in the immediate area, and it would be nice to see the money remain there.


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