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St. John to build strip mall on Timonium Road

St. John Properties has announced the purchase of a one-acre parcel at 56 Timonium Road for redevelopment into 10,000-square-foot retail strip mall. Known as Timonium Exchange, the site is configured to hold a medley of tenants with businesses ranging from 1,500 to 4,500 square feet. St. John said this week that it plans is to develop a mix of fast food tenants and small retailers and service businesses like hair salons and dry cleaners. The area is blessed with heavy traffic — data shows that more than 40,000 vehicles travel by Timonium Exchange daily. A report by NAI KLNB for the office market shows that the area has more than 7 million square feet of commercial office space, and a vacancy rate of 10 percent. “This area remains under-served in the convenience retail and quick-serve food categories as consumers and businesspeople are constantly in search of amenities that address their busy lifestyles,” Bill Holzman, assistant vice president for retail leasing at St. John, said in a statement. St. John also owns and manages Timonium Business Center, Yorkridge Center North and Yorkridge Center South, near the Exchange. ***** Last week at a community meeting in Columbia, General Growth Properties unveiled plans to build a 75,000-square-foot lifestyle center at the Mall in Columbia. The changes are in the planning phase, and another meeting is set for Feb. 8. The mall opened in 1971 and has 1.4 million square feet of retail space. The last renovation came in 2004 when an LL Bean store was added. This gussy up will see that store replaced to make way for the new lifestyle center.

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