Stan Johnson Company Arranges $26.8 Million Sale of Maryland Whole Foods Market

WholeFoods

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant retail store located at 300 Towson Row in Towson, Maryland. The property totals 63,750 square feet and is leased to Whole Foods Market, a multinational supermarket chain and subsidiary of Amazon. Jason Maier of Stan Johnson Company represented the buyer, a private investor based in New York. The 1031 exchange buyer acquired the asset from a Maryland-based investor for approximately $26.8 million. 

“We are excited to have completed the acquisition of this brand new retail condo that is triple net leased to Whole Foods,” said Maier, Senior Director in Stan Johnson Company’s New York office. “Greenburg Gibbons, the developer, has single handedly transformed the area around Towson University. This new mixed-use development project has converted the entire downtown area, bringing new student housing, vibrant retail with national tenants, hotels and of course this new trophy Whole Foods, which anchors the entire development and brings enormous traffic to the Towson community.” 

The property was built in 2021 and is situated on 4.3 acres in downtown Towson. The grocery store is the anchor tenant for the mixed-use development and is located less than one mile from Towson University and approximately 10 miles north of Baltimore.  

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.