River Run Center – SOLD

River Run Center is an 18-acre retail center with 119,000 square feet in-line to be developed in Phase I, an additional 40,000 square feet in-line in Phase II and 3 pad sites. The property is located in the northeast corner of the City of Frederick, Maryland, with 900 feet of frontage on Monocacy Boulevard. A new exit from I-70 is under construction which will provide direct access to River Run Center and the surrounding Riverside Corporate Park via Monocacy Boulevard. Riverside Corporate Park is rapidly expanding – 1.5 million square feet existing and a total of 2.8 million planned.  Existing tenants include Wells Fargo Home Mortgage, SRA International, Charles River Labs and numerous flex/office uses.  Construction is underway on 300,000 square feet of offices and labs built by SAIC for the National Cancer Institute.

The area surrounding River Run is well-established, both residentially and commercially. Nearby residential developments include Worman’s Mill and Dearbought. Wal-Mart, across the street from River Run Center, is a regional draw, as are Wegman’s, Lowe’s and Marshall’s (opening Spring 2011 at Clemson Corner Shopping Center). A Giant Food anchored center at the corner of Monacacy Boulevard and Maryland Route 26 contains services catering to local residents. The trade area population exceeds 77,000. Average household income is approximately $94,600.

Contact Information:
Andy Segall
Segall Group
410-753-3000 or (c) 410-960-0361