Premier Acquires Main Street at South River Colony - 60,000 sf Retail

Main Street Building 1, South River Colony

At the end of December 2019, Premier closed on its acquisition of Main Street at South River Colony, a 60,000 sf destination retail center in Edgewater, Maryland, minutes from Annapolis. Main Street consists of 3 high-end retail buildings that were built in the early 2000’s as part of South River Colony, a mixed-use development containing approximately 1,000 residential units. Main Street had struggled to maintain its high rents through the recession and never really recovered, eventually landing in foreclosure. As a result, Premier was able to acquire the property at an attractive price and will immediately institute an aggressive marketing and leasing campaign. Management will be provided by Premier Management Services.