M id A tlantic Real Estate Journal — DelMarVa— July 24 - August 13, 2020 — 7A
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ALDORF, MD — Waldorf Park, a new retail development Retail development in Waldorf, MD breaks ground KLNB to bring retail tenants to prime new development W
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in Waldorf broke ground on June 23, according to The Republic Family of Compa- nies , the project’s developer. The center is slated to open to the public in the first half of 2021. Leading tenants that have signed leases at Waldorf Park include Starbucks, Chick-fil-A, and Jersey Mike’s. KLNB prin- cipals Dimitri Georgelakos and Bob Morris represented Chick-fil-A, and retail special - ist Michael Ginsburg repre- sented Jersey Mike’s. “We are thrilled to be bring- ing Waldorf’s second Chick-fil- A to market, its only Starbucks with a drive-through, and its first Jersey Mike’s. Charles County has been one of the fastest growing counties in Maryland for several years running, and Waldorf Park is strategically placed right in the center of that growth,” said Stacy Hornstein , senior vice president at Republic. Construction financing is be - ing provided by Sandy Spring Bank . “We are very proud to be working with Sandy Spring Bank, and appreciate their
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commitment to our project and their 152-year dedication to providing financing to the greater Baltimore-Washington area,” said Hornstein. In the evolving retail indus- try, Waldorf Park focuses on convenience retail and seeks to benefit from Charles County’s strong retail fundamentals. “The benefits of convenience retail has been a trend that has been on-going for years: the retail customer of today is seeking convenience, and Wal- dorf Park has been designed to provide customers and tenants with just that,” said Nicolas
Aragon , VP at Republic. “In addition, Charles County has one of the highest per-capita sales leakage of any county in MD, making it a prime opportu- nity for tenants,” said Aragon. Located right off of Crain Highway (Rt. 301), Waldorf Park boasts high visibility (54,281 AADT), multiple easy access points, and a variety of square footage opportunities. The project is also located ad- jacent to the 1.0 million square foot St Charles Towne Center mall, and several other na- tional tenants that anchor the immediate area. MAREJ
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