MacKenzie Commercial Real Estate Services, LLC and Equity Retail Brokers have been selected by Coastal Equities as the exclusive sales brokers for the South End Shopping Center, a 150,000 square foot retail 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 managing the requirement. .
Anchored by Planet Fitness, Save-A-Lot, Goodwill Industries, Jo-Ann Fabrics and Dollar General, the South End Mall is located at 1101-1181 Maryland Ave. and is situated on nearly 12 acres of land with over 450 surface parking spaces. The asset faces MD Route 632 and more than 12,000 vehicles pass through the site daily.
The South End shopping center was built in 1966 and renovated in 2021, with a new building recently leased to Fulton Bank, which opened earlier this year.
MacKenzie Commercial Real Estate Services, based in Lutherville, and Equity Retail Brokers, located in Plymouth Meeting, Pennsylvania, are full-service commercial real estate companies. Coast Equities, headquartered in Westin, Florida, is a commercial real estate development and management company focused on neighborhood and community shopping centers.