Bel Air, Maryland, December 3, 2025
Marcus & Millichap Capital Corporation has secured $3.9 million in financing for The Shoppes at James Run, a 13,189-square-foot retail space in Bel Air, Maryland. This investment aims to boost the local economy and demonstrates the area’s retail potential, featuring prominent tenants like Starbucks and Chipotle. The strategic location enhances visibility and accessibility, paving the way for increased business activity and job creation in the community.
Bel Air Secures $3.9 Million Financing for Retail Development
Investment bolsters local economy and showcases retail potential
Bel Air, Maryland – In a significant move for the local economy, Marcus & Millichap Capital Corporation (MMCC) has successfully secured $3.9 million in financing for the acquisition of The Shoppes at James Run, a prominent 13,189-square-foot retail space located at 2699 Tobin Crossing in Bel Air. This financing highlights the potential for retail growth in the area and underscores the resilience of small businesses that bring both vibrancy and convenience to local communities.
The loan features a seven-year term with an interest rate of 5.64% and a 25-year amortization period. With its advantageous location right next to I-95 and MD-543, The Shoppes at James Run benefits from exceptional visibility and accessibility, making it a prime target for both foot traffic and customers traveling by vehicle. An impressive tenant mix, including well-known brands like Starbucks and Chipotle, bolsters the property’s appeal, further enhancing Bel Air’s reputation as a thriving retail destination.
Key Features of The Shoppes at James Run
| Feature | Details |
|---|---|
| Property Size | 13,189 square feet |
| Location | 2699 Tobin Crossing, Bel Air, Maryland |
| Anchor Tenant | Starbucks |
| Additional Tenants | Chipotle, Olive Garden, Longhorn Steakhouse, café, urgent care office |
| Strategic Location | Adjacent to I-95 and MD-543 |
| Loan Details | 7-year term, 5.64% interest rate, 25-year amortization |
Investor Insights
The successful arrangement of this financing by MMCC’s Washington, D.C. office, led by Senior Director Jared Cassidy, demonstrates the company’s capabilities in crafting tailored financing solutions for retail properties in prime locations. The transaction received backing from a regional bank that offered competitive interest rates, minimal recourse, and no prepayment penalties, which contributed to a favorable funding scenario for the investment.
Economic Implications
This acquisition exemplifies the potential for economic growth in Bel Air and surrounding regions. By positioning quality retail spaces strategically, the community can enjoy increased business activity and job creation. The presence of reputable dining and consumer service options at The Shoppes at James Run not only caters to local residents but also attracts visitors, thereby enhancing the local economy.
Community Engagement
Support for local investments like The Shoppes at James Run encourages community involvement and ownership among residents. As local entrepreneurs demonstrate determination and resilience in the face of challenges, the community benefits from a robust shopping experience and greater economic stability. Furthermore, easing regulations can potentially foster even more growth in sectors crucial to Bel Air’s diverse economy.
Conclusion
The financing secured for The Shoppes at James Run is a promising indication of the continued growth opportunity for Baltimore’s suburban landscape. As market dynamics evolve, investments in retail spaces will play an essential role in elevating local economies. The call to action for residents is clear: support local businesses and engage with the economic future of Bel Air and its surroundings.
Frequently Asked Questions (FAQ)
What is The Shoppes at James Run?
The Shoppes at James Run is a 13,189-square-foot retail property located at 2699 Tobin Crossing in Bel Air, Maryland. It features a mix of national and local tenants, including Starbucks, Chipotle, Olive Garden, Longhorn Steakhouse, a café, and an urgent care office. The property is strategically situated adjacent to I-95 and MD-543, offering excellent visibility and accessibility.
Who arranged the financing for this acquisition?
The financing was arranged by Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions. MMCC’s Washington, D.C. office, led by Senior Director Jared Cassidy, secured the loan on behalf of a private client.
What are the terms of the financing?
The loan features a 7-year term with a 5.64% interest rate and a 25-year amortization period. The financing was secured from a regional bank offering an aggressive interest rate with minimal recourse and no prepayment penalty.
Why is this property considered an attractive investment?
The property’s strong tenant mix, including well-known national brands, and its strategic location along two major roadways make it an attractive opportunity for investors. The proximity to I-95 and MD-543 provides high visibility and easy access, enhancing its appeal to both tenants and customers.
How does this transaction reflect MMCC’s capabilities?
This transaction underscores MMCC’s expertise in arranging tailored financing solutions for retail properties in prime locations. The firm’s ability to secure favorable loan terms demonstrates its strong relationships with lenders and deep understanding of the commercial real estate market.
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