Premier Acquires Iconic Baltimore Property

Belvedere Market, One of the fourt buildings comprising the property

Premier is pleased to announce that on December 6, 2022 it closed on the acquisition of Belvedere Square Shopping Center, a 100,800 sf mixed-use lifestyle center in Baltimore, MD. Anchored by the iconic Belvedere Square food hall and Loyola University’s clinical center, the center was about 90% leased at the time of closing and comprises a mix of medical, retail, and service tenants. Some of the credit tenants include a University of Maryland Urgent Care, Truist, Verizon, and Dunkin Donuts. Premier purchased the center for $17,300,000 with first trust financing placed with Community Bank of the Chesapeake. Christopher Burnham and Andy Stape represented the seller. Premier Management will handle the property management.