FOR IMMEDIATE RELEASE:
Carl M. Freeman Companies Announce Acquisition of Baltimore, MD
Neighborhood Shopping Center
Rockville, MD – May 29, 2013 — A leader in high quality retail and residential community-oriented development, Carl M. Freeman Companies announce the acquisition of King’s Court Shopping Center, 9504-9544 Philadelphia Road, Rosedale, MD 21237. The 65,000 square foot neighborhood shopping center is anchored by Mars Supermarket and includes Dunkin Donuts, Pizza Hut, and Old Philadelphia Inn.
“King’s Court is an excellent addition to our retail portfolio, reflecting Freeman’s growth strategy and desire to expand into the Baltimore market after years of successful retail property management,” said Michelle D. Freeman, Chief Executive Officer of Freeman Companies.
Anchor tenant Mars Super Markets is also the equity partner. “The D’Anna family and Mars Super Markets have enjoyed working with the Freeman Companies for more than 6 years on multiple Baltimore-area retail centers. Based on my experience with Freeman’s proactive property management and ability to position each center as a community hub, entering a joint venture to purchase King’s Court was a great opportunity,” shares Christopher P. D’Anna, Chairman/COO at Mars Super Markets, Inc.
Freeman Companies will manage the retail space at the King’s Court, conveniently located in the Baltimore suburb of Rosedale with a five-mile population density of more than 231,000 and easy access from routes 40, 695, and I-95. Rich Lipsky, Vice President of Commercial Real Estate at the Freeman Companies adds, “As a Baltimore native, I am eager to bring Freeman’s signature customer service and events to create a better retail experience for both the tenants and residents of the Rosedale community.”
About Carl M. Freeman Companies
For more than sixty-five years, Carl M. Freeman Companies has created innovative and inviting places to live, work, shop and play. We’ve developed and managed more than five million square feet of commercial space for shopping center and office use and built award-winning beach-front and golf course communities.
The Freeman name is synonymous with a caring, thoughtful and deliberate approach to real estate. Our shopping centers greet visitors with family-friendly convenience and offer tenants attentive, client-oriented management style. The Commercial Real Estate Division includes over 1.5 million square feet of retail and office space across Virginia, Maryland, Delaware and West Virginia. For more information about Carl M. Freeman Companies and their diverse interests, visit www.22.214.171.124.
Richard P. Lipsky, Vice President of Commercial Real Estate
Carl M. Freeman Companies