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Parkville strip mall on busy retail corridor trades for $4.5M

January 6, 2023

A strip mall along the busy Joppa Road retail corridor in Parkville has sold for $4.5 million. The center at 1901-1907 E. Joppa Road traded this month to a private, unnamed investment group. The seller was Besche Realty Inc. Gil Neuman, who brokered the deal, said Thursday the sale closed despite a spate of interest rate hikes to over 7% over the past year that has impacted the commercial market. Some deals already in the pipeline have closed despite the rising rates, including the sale of the East Drive Shopping Center for $5.7 million in Southwest Baltimore County late last year. Neuman also brokered that deal.

Article Source: Baltimore Business Journal

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