MCB Real Estate buys Annapolis shopping center

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MCB Real Estate, a Baltimore-based real estate investment management firm and developer, announced Friday that it purchased an ownership interest in Annapolis Plaza, a 165,565-square-foot shopping center. 

Located at 150 Jennifer Road in Annapolis, the retail destination represents the latest asset in MCB’s established grocery-anchored retail portfolio, expanding the firm’s Mid-Atlantic footprint. MCB will oversee leasing strategy, asset management, and property management at the shopping center, according to a release. 

Annapolis Plaza attracted 2.8 million visits in 2025, according to MCB Real Estate, and is anchored by Trader Joe’s, Homesense, HomeGoods and Marshalls. A soon-to-open World Market is expected to join the plaza’s list of anchor retailers, according to MCB.

“The acquisition of Annapolis Plaza is a testament to our team’s ability to identify high-quality institutional assets that align with our long-term growth objectives,” MCB Real Estate managing partner and co-founder David Bramble said in a statement.

“By securing a dominant center with some of the most attractive retailers in the country, we are capitalizing on proven foot traffic and long-term stability. We remain focused on maintaining this momentum as we continue to scale our national retail platform.”

Retail is a fundamental cornerstone of MCB’s operator model as the firm expands across industrial, life sciences, office, mixed-use and multifamily sectors, an MCB release says. 

The Annapolis Plaza purchase comes as MCB announced the launch of MCB Wealthbridge on Monday. This new division of MCB Real Estate is dedicated to delivering tax-efficient real estate investment opportunities through 1031 exchange and other tax advantages, the firm said.

MCB Wealthbridge will focus on stabilized multifamily, student housing, industrial, retail and other select properties. Mike Waddell will lead the new division as CEO, according to a release.

“This platform is purpose-built as a bridge, for high-net-worth investors looking to build wealth, into MCB’s deep real estate expertise and its vast investment opportunities,” Waddell said in a statement.