The Reliable Group is pleased to announce its recent acquisition of The Lusby Center, a neighborhood grocery anchored retail shopping center located in Lusby, MD. The center is ideally located within the Lusby Town Center and serves the Chesapeake Ranch Estates and the surrounding areas of Calvert County.
The Lusby Center boasts a distinguished lineup of national tenants, including Weis Markets, Dunkin Donuts, Pizza Hut, H&R Block, and various other retail establishments. With this strategic acquisition, The Reliable Group is poised to leverage its expertise in revitalization strategies to enhance the center’s appeal and introduce fresh, dynamic tenants to the center to further bolster the tenant roster.
“We are very excited to execute this transaction and look forward to improving the shopping center for the surrounding community.” stated David Goodwin, Principal at The Reliable Group. “We continue to show our expertise as an owner and operator of real estate in the Mid-Atlantic and this acquisition represents our second grocery anchored shopping center acquisition in the last 11 months, totaling $25MM in value.”
Justin Mullen, Principal at The Reliable Group added “Our team of professionals will hit the ground running as we take over the management and leasing efforts. We are excited to build on the in-place value at the center and add a well-positioned asset to our portfolio.” For leasing inquiries and availability, interested parties are encouraged to contact George Shenas and Collin Mercier at Hyatt Commercial.
The Reliable Group is actively seeking acquisition targets for value-add strategies within the Mid-Atlantic markets.
For media inquiries please contact Gabrielle Titow, Director of Resources & Development at 410-260-6530 or gtitow@hyattcommercial.com
About Reliable Real Estate Services:
Reliable Real Estate Services, LLC, is a dynamic firm specializing in development, acquisitions, asset management and joint venture projects. Our expertise encompasses commercial real estate development, residential real estate development, and real estate investments spanning land, joint venture prospects, value-driven investments, and debt management. RRES is an operating company of The Reliable Group.
About Hyatt Commercial:
Hyatt Commercial, headquartered in Annapolis, Maryland, is a leader in the industry representing local, regional, and national clients in the area. With over 61 years of experience, Hyatt Commercial offers comprehensive real estate services through its subsidiary companies, including property management, commercial construction, brokerage, and land development management residential services. Committed to excellence and driven by a passion for real estate, Hyatt Commercial continues to be a trusted partner in shaping the region’s real estate landscape. Visit hyattcommercial.com for more information. Hyatt Commercial is an operating company of The Reliable Group.