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 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 …
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Super Deacon
11:21 am on Thursday, April 11, 2013
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. more ›