MacKenzie Commercial Real Estate Services, LLC and Equity Retail Brokers has been selected by Coastal Equities as the exclusive sales brokers for South End Shopping Center, a 150,000-square-foot shopping center in Hagerstown.
The asking price for the asset, which is 97% leased, is $15 million and all offers are due by March 18. John Schultz and Timothy Harrington of MacKenzie Commercial Real Estate Services and Edward Ginn and Kenneth Yanni of Equity Retail Brokers are handling the requirement.
Anchored by Planet Fitness, Save-A-Lot, Goodwill Industries, Jo-Ann Fabrics and Dollar General, South End Shopping Center is located at 1101-1181 Maryland Ave. and is situated on a nearly 12-acre lot with more than 450 surface parking spaces. The asset fronts MD Route 632 and more than 12,000 vehicles pass the site on a daily basis.
South End Shopping Center was constructed in 1966 and renovated in 2021, with a new building recently ground leased to Fulton Bank, which opened earlier this year.
Both MacKenzie Commercial Real Estate Services, based in Lutherville, and Equity Retail Brokers, located in Plymouth Meeting, Pennsylvania, are full-service commercial real estate services firms. Coast Equities, headquartered in Westin, Florida, is a commercial real estate development and management company focusing on neighborhood and community shopping centers.