Ordnance Plaza
Glen Burnie, Maryland

Property Type: Retail Shopping Center

Acquisition Date: June 2002

Investment Thesis & Opportunities

• Recognized value of under-leveraged asset (26% vacancy at acquisition)
• Dominant tenancy with Staples, Sports Authority, McDonalds and PetSmart and shadow anchor tenants Home Depot and Costco
• Institutional quality asset

Value Add Activities

• Active leasing initiative
• Executed lease with Sears
• Executed lease with Planet Fitness as complementary tenant to Sports Authority