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COTENANTS GLEN BURNIE, MD UPGRADES DELIVERING 2019

GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

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Page 1: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

COTENANTS

GLEN BURNIE, MDUPGRADES D

ELIVERIN

G 2019

Page 2: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

PRIME LOCATION IN BALTIMORE, MDStrategically located southeast of Baltimore City on Baltimore Annapolis Blvd., The Cromwell, formerly Cromwell Field Shopping Center, is a 233,486 square foot neighborhood shopping center with community appeal. The Cromwell features prime visibility, a 4/1 parking ratio, convenient ingress/egress and access from both local roads (30,000 VPD) and Interstate 97 (106,000 VPD). Planned improvements delivering in the third quarter of 2019, will poise The Cromwell to become the go-to neighborhood shopping center for daily needs and destination shopping.

THE 3 P’S.... POPULATION, PROFESSIONALS & PROXIMITYThe Cromwell is conveniently located in a suburb of the greater Baltimore market. 187,000 residents live within 5 miles of the site, representing an average HH income of +$89,000. The tenant mix of experiential and need based retailers insulates the shopping center from the rise of internet commerce competition.

Driven by major national and regional employeers, the region boasts 41,000 daytime employees within 3 miles. Additionally, The Cromwell is adjacent to BWI airport, which also services over 68,000 passengers per day.

In addition to the proximity to Baltimore and dense daily employment, The Cromwell shares a traffic light with the main entrance to the Cromwell Station stop of the Baltimore Light Rail system on Baltimore Annapolis Blvd. With 750 available parking spaces, Cromwell Station is the last stop on the Light Rail, making The Cromwell easily accessible to other dense southern suburbs.

DAYTIME EMPLOYEES1 MILE: 9,040 3 MILES: 40,9705 MILES: 94,375

AVERAGE HHINCOME1 MILE: $80,6683 MILES: $85,2615 MILES: $89,655

RESIDENTIALPOPULATION1 MILE: 7,8573 MILES: 83,051 5 MILES: 187,108

16,510VEHICLES PER DAYON BALTIMORE ANNAPOLIS ROAD

14,440VEHICLES PER DAYON 8TH AVE NW

106,210VEHICLES PER DAYON RT 97

Page 3: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

RENDERINGSRoses Box and Inline Space

• Facade upgrades to inline space• Repositioning of big box spaces• New roofing• Parking lot improvements• New landscaping• New pylon signage • Lighting upgrades

Facade Renovations Beginning Q2 2019

Page 4: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

RENDERINGSRenovated Big Box and Inline Space

Page 5: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

RENDERINGSEast Facing View of The Cromwell

Page 6: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

RENDERINGSThe Cromwell Aerial View

Page 7: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

ELEVATIONS

FACADE RENOVATIONS BEGINNING Q2 2019

Page 8: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

AREA MAPS

5 MILES

3 M

ILES1

M

ILE

MAP KEY:

1 mile radius

3 mile radius

5 mile radius

1 mile radius

3 mile radius

5 mile radius

Population 7,857 83,051 187,108

Households 2,976 32,054 70,163

Total Employees 9,040 40,970 94,375

* Source: CoStar, 2018

RADIUS

Map shows proximity to groceries with gas.

3/4 acre pad site available at The Cromwell.

Page 9: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

MAP KEY:

3 minute drive time

5 minute drive time

8 minute drive time

15 minute drive time

3 min drive time

5 min drive time

8 minute drive time

15 min drive time

Population 5,584 22,998 66,752 182,902

Households 2,141 8,745 26,406 69,624

Total Employees

5,349 14,469 34,190 106,822

* Source: Sites USA, 2017

DRIVE TIMES

AREA MAPS

Page 10: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

RETAIL MAP

Page 11: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

NEW SIGNAGE

Page 12: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

7383 52,706 VACANT

7385M 8,800 VACANT

7385P 4,345 Escape Complex - Just Opened

7385L 14,700 CSL Plasma

7395J 8,720 Dollar General

7385G 7,700 Games & Comics & Stuff

7385N 1,760 America’s Best Wings - Just Opened

7385D 1,320 VACANT

7385C 4,400 Cromwell Liquors

7385A 2,750 L.A. Nail & Tan

7387 75,890 Roses

7387A 1,800 Metro PCS

7387B 2,580 VACANT

7387C 1,440 Tobacco & Gift

7387D 2,400 AVAILABLE *

7389L 2,200 Preferred Chiropractic

7389K 2,310 VACANT

7389J 2,310 VACANT

7389I 2,400 VACANT

7389H 1,320 Uptown Kutz

7389F 11,240 House of Tropicals

7389A 4,500 VACANT

7389AB 4,500 VACANT

7381A 1,296 Rita’s Italian Ice

7381 2,400 BB&T

7379 3,403 McDonald’s

7395 2,465 Dunkin Donuts

PAD 0.75 Acre Potential Pad Site Development

7391 1,831 Valvoline

* 2nd generation restaurant

BALTIMO

RE ANNAPOLIS BLVD

DO

RSEY

RO

AD

7383

7385L

7387

7389L7389K7389J7389I7389H

7389F

7389A7389B

CROMWELL

LIGHT RAIL STATION

PA

D S

ITE

OPPO

RTU

NIT

Y

7387D7387C

7385A7385C

7387B7387A

73

85

G

73

85

J

73

85

P

73

85

M

73

85

N7

38

5D

UNIT SF TENANT

SITE PLAN

BALTIMO

RE ANNAPOLIS BLVD

DO

RSEY

RO

AD

7383

7385L

7387

7389L7389K7389J7389I7389H

7389F

7389A7389B

CROMWELL

LIGHT RAIL STATION

PA

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ITE

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38

5D

Page 13: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

REIMAGINING THE CROMWELLThe following site plans showcase multiple options in consideration for re-positioning The Cromwell: scraping, re-building, right-sizing portions of the center, facade updates, landscaping, signage and parking lot improvements.

SITE OPTIONS

Page 14: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

SITE OPTIONS

REIMAGINING THE CROMWELL

Page 15: GLEN BURNIE, MD · shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet

OUR TEAM

Michael SpectorVice President of Retail Leasing

| 301.828.1214

| 215.873.7238

| [email protected]

Emily HeppenAssistant Vice President Retail Leasing

| 301.828.1230

| 301.775.3796

| [email protected]

The Cromwell is owned, developed, managed, and leased by:

About Broad Street Realty:

Broad Street Realty is a market-leading commercial real estate services firm that develops, owns and operates its own commercial properties. The company has extensive experience in real estate development, property management, asset management, and both landlord and tenant representation. Since 2002, Broad Street Realty has acquired and developed shopping centers throughout the Mid-Atlantic Region and the Denver Urban Corridor, growing their owned portfolio to 16 shopping centers and 2.2 Million square feet of retail. Broad Street Realty maintains offices in Washington, DC, Maryland, Virginia and Colorado.