Neuman Commercial Group Closes Sale Of Pikesville Town Center In Baltimore County, Maryland

1/30/20

Neuman Commercial Group, LLC has arranged the sale of Pikesville Town Center, a 10,740 square foot three-building four-store portfolio located in Pikesville, Baltimore County, Maryland. The property was 75% occupied at the time of sale, including Pizza Hut, ZIPS Cleaners and beauty salons. For the second time in one year Neuman Commercial Group, led by Principal Gil Neuman, exclusively represented the sellers, an affiliate of Fedder Management Corporation, and procured the private 1031 exchange buyer.

Located on “Pikesville’s Main Street” Reisterstown Road across from the County Public Library, the storefronts serve 118,900 residents within 3-miles, and a 44,000-daytime population.

About Neuman Commercial Group

Neuman Commercial Group formed in 2017 as a highly focused firm specializing in arranging the disposition and acquisition of Mid-Atlantic commercial assets, with a specialty in anchored, unanchored and urban retail properties. CoStar has named Neuman Commercial Group a Power Broker Top Firm Award winner. www.neumancommercial.com.

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