MCB Real Estate has acquired an ownership interest in Annapolis Plaza, a grocery-anchored retail center located at 150 Jennifer Road in Annapolis, Maryland. The property totals 165,565 square feet and is described as a retail destination within the Annapolis market. The transaction adds another asset to MCB’s portfolio of grocery-anchored centers and aligns with the firm’s strategy of scaling its national retail platform.
As part of the transaction structure, MCB’s institutional partner will retain an ownership interest in Annapolis Plaza. While that partner remains in the capital stack, MCB is assuming responsibility for several key functions at the property. The firm will oversee the center’s leasing strategy, as well as asset management and property management, signaling a hands-on role in day-to-day operations and long-term positioning.
Annapolis Plaza is home to a lineup of nationally recognized retailers. Existing tenants include Trader Joe’s, Homesense, HomeGoods, and Marshalls, anchoring the center with brands that typically draw consistent shopper traffic. In addition, a World Market store is expected to open at the property, further expanding the center’s tenant mix and reinforcing its profile as a regional shopping destination.
MCB positions Annapolis Plaza as a dominant retail center within its trade area, emphasizing that the tenant roster and customer draw support stability at the property. By adding this center, the firm continues to build out its grocery-anchored retail portfolio, which focuses on properties supported by everyday consumer demand. The acquisition also advances MCB’s expansion in the Mid-Atlantic region, broadening its presence in and around Annapolis.
P. David Bramble, Managing Partner and Co-Founder of MCB Real Estate, framed the transaction as an effort to align with strong national retailers at a high-traffic location. He noted that by securing a center with some of the country’s most attractive retailers, the firm aims to benefit from established customer patterns and the potential for long-term performance. Bramble also indicated that MCB intends to maintain this momentum as it grows its retail holdings across the United States.
While financial terms of the transaction were not disclosed, the deal underscores continued investment attention on grocery-anchored retail centers and on properties with durable tenant demand in established trade areas such as Annapolis.
