Boston—Wilder, the retail real estate leasing, management, and development firm, is expanding its presence down the East Coast with its recently awarded contract for Towne Centre at Laurel in Laurel, Maryland. The leasing and management contract was awarded by the U.S. real estate business of UBS Asset Management.
Towne Centre at Laurel, with its Main Street-like environment, features 400,000 square feet of retail, restaurants, and entertainment, including Harris Teeter, Burlington, Old Navy, Ulta, Mission BBQ, Buffalo Wild Wings, and Panera Bread. It also features a 12-screen Regal Cinema and 350 apartments.
Opened in 2014, the development has become a community anchor with its pedestrian friendly streetscape, community gathering spaces, and easy, shop-front parking. It has a long, successful history as a retail location, having been built on the site of the former Laurel Mall.
The center is located on busy Route One in the densely populated Baltimore/Washington Corridor.
“We are pleased to add Towne Centre at Laurel to our portfolio of leased and managed centers,” said Gary Robinson, Vice President, Leasing for Wilder. “We look forward to building on the contemporary merchandise mix to enhance the overall experience for the development’s many customers.”
Towne Centre at Laurel continues the growth of Wilder in the Tri-State Area and Mid-Atlantic region. Wilder recently acquired the 569,000 square foot Wegman’s anchored Silver Spring Square in Harrisburg, PA and took over the management and leasing of the 257,400 square foot T.J. Maxx, HomeSense, Old Navy, Best Buy-anchored Airport Square in Montgomeryville, PA.
“We see a real opportunity for growth in the region. The Greater Washington area is adding 70,000 -80,000 residents annually which translates to an increased demand for shopping, eateries, services, and entertainment options. We look forward to applying our expertise to all our assets in the area to achieve great results for our shoppers, partners, and clients,” said Brian Cosentino, Wilder’s Vice President, Acquisitions.
Wilder is a Boston-based real estate development, management, and leasing firm specializing in the positioning of retail properties. Privately held and owner managed, Wilder’s mission has been and continues to be to create vibrant shopping places that meet and exceed the expectations of our customers, retailers, and investors.
From lifestyle centers, urban properties, and community centers to mixed-use developments and super-regional malls, Wilder has developed, managed, and leased over 20 million square feet of retail properties throughout the United States and Puerto Rico. The Company continues to have a diverse portfolio of properties throughout the East Coast including Garden City Center in Cranston, RI and Wayside in Greater Boston.