News Summary
Eagle Physical Therapy & Rehabilitation has purchased a former Rite Aid location at 250 W. Chase Street in Baltimore for $1.85 million. The acquisition, aimed at expanding services in the Mount Vernon neighborhood, will enable the company to relocate its current headquarters and facilitate easier access to healthcare for local residents. The property features excellent road visibility and ample parking, making it an ideal location for on-site services throughout Maryland. The move demonstrates Eagle Physical Therapy’s commitment to the community and healthcare provision in Baltimore.
Baltimore, Maryland — Eagle Physical Therapy & Rehabilitation has acquired a former Rite Aid store located at 250 W. Chase Street in Baltimore for $1.85 million, aiming to expand its healthcare services in the city.
Details of the Property Acquisition
The property, which covers approximately 11,113 square feet, is situated in the Mount Vernon neighborhood, an area home to nearly 100,000 residents within a 1.5-mile radius. The store was closed in January 2024, and the purchase was made from West Chase 250 LLC. The acquisition was facilitated by real estate firms MacKenzie Commercial Real Estate Services LLC and KLNB Retail, with Jim Grieves representing the buyer and Matt Copeland and Michael Ginsburg acting for the seller.
Expansion and Relocation Plans
The purchase marks an important step in Eagle Physical Therapy’s plans to expand its presence in Baltimore City. The company intends to relocate its current downtown headquarters from 1020 St. Paul Street to the new facility by early next year. This move is part of a broader strategy to serve more residents in Baltimore and across Maryland.
Features of the New Facility
The newly acquired property offers several advantageous features, including excellent road visibility, immediate availability, and a surface parking field within an environment that typically has parking restrictions. These features will facilitate easier access for patients and healthcare providers. The facility will support on-site services at private residences and healthcare facilities throughout Maryland, expanding Eagle Physical Therapy’s reach and service offerings.
Community and Business Commitment
The owners of Eagle Physical Therapy have expressed their dedication to Baltimore City and its community. Their approach includes maintaining their headquarters within the city and minimizing disruption for both employees and patients during the transition. This move underscores their commitment to local healthcare service provision.
Market Context and Representation
The property acquisition involved the collaboration of multiple real estate professionals, with MacKenzie Commercial Real Estate Services LLC spearheading the buyer’s side. The seller was represented by KLNB Retail’s Matt Copeland and Michael Ginsburg. The transaction highlights ongoing investment in Baltimore’s commercial property sector, especially in neighborhoods like Mount Vernon that combine accessibility with cultural appeal.
Summary of the Acquisition
- Location: 250 W. Chase Street, Baltimore
- Purchase Price: $1.85 million
- Property Size: 11,113 square feet
- Neighborhood: Mount Vernon
- Closure Date of Rite Aid: January 2024
- Buyer: Eagle Physical Therapy & Rehabilitation
- Seller: West Chase 250 LLC
Conclusion
The acquisition of the former Rite Aid store at 250 W. Chase Street is a strategic move by Eagle Physical Therapy to enhance its service capacity in Baltimore. With its planned relocation scheduled for early next year, the company aims to continue providing accessible healthcare options within the community while expanding its operations across Maryland.
Frequently Asked Questions (FAQ)
Where is the new Eagle Physical Therapy location in Baltimore?
The new location is at 250 W. Chase Street in the Mount Vernon neighborhood.
How much was the property purchased for?
The property was purchased for $1.85 million.
What is the size of the property?
The property occupies 11,113 square feet.
When was the Rite Aid store closed?
The Rite Aid store was closed in January 2024.
Who facilitated the real estate transaction?
The transaction involved MacKenzie Commercial Real Estate Services LLC representing the buyer and KLNB Retail representing the seller.
What are Eagle Physical Therapy’s plans for the new property?
The new facility will allow Eagle Physical Therapy to provide on-site services at private residences and healthcare facilities throughout Maryland, supporting expanded healthcare access.
What features does the property offer?
The property features good road visibility, immediate availability, and a surface parking field in a parking-restrictive environment.
How does this acquisition reflect on Eagle Physical Therapy’s commitment to Baltimore?
The owners have emphasized their commitment to Baltimore City and its community by retaining their headquarters and minimizing disruption for employees and patients.
Who represented the buyer and seller in the transaction?
Jim Grieves of MacKenzie Commercial Real Estate Services LLC represented the buyer, and Matt Copeland and Michael Ginsburg of KLNB Retail represented the seller.
Deeper Dive: News & Info About This Topic
HERE Resources
Eagle Physical Therapy Expands with New Baltimore Location
Additional Resources
- The Daily Record: Maryland Empowering Women 2025 Winners
- Wikipedia: Healthcare in the United States
- WMAR: GMM Women’s Training Center
- Google Search: Women’s Training Center Baltimore
- CBS News: Baltimore Walking Group
- Google Scholar: Baltimore Walking Group
- Baltimore Magazine: Women Who Move Maryland 2025
- Encyclopedia Britannica: Women in Maryland
- Baltimore Sun: Women to Watch 2025
- Google News: Angela Gargano Women Fitness
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The BALTIMORE STAFF WRITER represents the experienced team at HEREBaltimore.com, your go-to source for actionable local news and information in Baltimore, Baltimore County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Baltimore Book Festival, Preakness Stakes, and Artscape. Our coverage extends to key organizations like the Baltimore Chamber of Commerce and Visit Baltimore, plus leading businesses in shipping and healthcare that power the local economy such as the Port of Baltimore and Johns Hopkins Medicine. As part of the broader HERE network, we provide comprehensive, credible insights into Maryland's dynamic landscape.
