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New Jersey REIT Sells Stake in Baltimore Complex, Other Maryland Properties for $248 Million

Shopping Centers Are Part of Acquisitions by MCB Real Estate
MCB Real Estate has acquired a 60% stake in the mixed-use Rotunda development in Baltimore. (CoStar)
MCB Real Estate has acquired a 60% stake in the mixed-use Rotunda development in Baltimore. (CoStar)
CoStar News
January 19, 2022 | 9:52 P.M.

In a series of transactions, a New Jersey real estate investment trust has sold a stake in a mixed-use development in Baltimore, as well as a shopping center in Maryland and a share in a second one there, for $248.8 million.

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