ARLS Properties

In October 2018, an ARLS Properties affiliate acquired a shopping center that was previously anchored by a 65,000 square foot former Giant supermarket, at Milford Mill and Liberty Road in Windsor Mill, Maryland. ARLS has since been working with the local neighborhood association and government officials to redevelop the property. New tenants include Royal Farms and a Grocery Outlet. Additional space remains available for lease.

In May 2021, an ARLS Properties affiliate acquired a 2.23 acre pad site at Tobin Crossing and Route 543 in Bel Air, MD. This pad site was an out parcel for a larger mixed-use development, including apartments, single-family homes, townhomes, hotel, office, and retail. ARLS identified this site as an excellent location for a convenience store/gas station because of its close proximity to I-95, strong demographics, solid traffic counts, and correct zoning for a by-right use. It subsequently leased the property to Royal Farms, which opened in late 2022.

In July 2018, an ARLS Properties affiliate acquired an 111,000 square foot office building at the intersection of York Road and Greenridge Road in Lutherville, Maryland formerly known as Heaver Plaza. The property was purchased out of foreclosure. After purchasing the property, ARLS Properties began a two-year, $7 million capital improvement plan, replacing the roof, a parking lot overlay, replacement of the HVAC systems, a LED lighting upgrade, common area, and restroom upgrades, exterior painting and caulking, new entrance ways and patio, and refurbishing the elevators. ARLS has since stabilized the property, achieving an occupancy rate of greater than 90%, entering into leases with several new tenants, including several law, financial services and other service professionals, and extending leases of many existing tenants. office users, and has achieved extended short-term leases and month-to-month tenants.

In December 2016, an ARLS Properties affiliate purchased a 17-acre site in Nottingham, Maryland, at a traffic-controlled corner, from Corporate Properties Office Trust (COPT). The site is located off of Interstate 95, near White Marsh Boulevard. The large property adjacent to the ARLS Properties’ site was slated to be developed as an outlet mall, and ARLS Properties intended to develop its site with complementary retail uses. When the neighboring owner decided not to develop its site as an outlet mall (and to instead develop its site as a warehouse), ARLS Properties sold most of the site it had acquired to two high-end, regional car dealerships, a hotel developer and a self-storage company. It retained a 2-acre parcel that it subsequently leased to Royal Farms.