Commerce: Rise Partners Purchase Easton Marketplace


Rise Partners, an investment group focused on shopping center acquisitions, redevelopments and ground-up development, today announced its purchase of Easton Marketplace, a 126,650 square foot shopping center located in Easton, Maryland. This is Rise Partners second acquisition and is a solid fit to its strategy of buying premium location redevelopment opportunities.

“Easton Marketplace provided us with an excellent chance to enter a market with high barriers to entry, that has the added benefit of serving a large second home market, with additional drive-through traffic from the Washington D.C. metro en route to the Atlantic beaches,” said Greg Wilson, a Rise partner. “We are excited about working with retailers and the city of Easton to take this center to the next level.”

A redevelopment beginning this fall will subdivide a now-vacant 33,000 square foot former JCPenney building to create two new tenant spaces, which will be occupied by well-known national retailers. The project will complement the existing tenants, which include Weis Markets and shadow anchors Lowes and Kohls.

“Easton is such a beautiful and historic community with easy access to Washington DC and Baltimore. We are all excited to spend time there working to enhance Easton Marketplaces’ longstanding position within the market,” said Rise partner Geoff Smith. “

Andy Stape and Vito Lupo, of KLNB Retail Investment Sales Group, represented the seller.

Letters to Editor

  1. Suellen Gargalli says

    This is great news!! Sure would love a Trader Joe’s in your new acquisition!!!!

Write a Letter to the Editor on this Article

We encourage readers to offer their point of view on this article by submitting the following form. Editing is sometimes necessary and is done at the discretion of the editorial staff.
We're glad you're enjoying The Talbot Spy.

Sign up for the the free email blast to see what's new in the Spy. It's delivered right to your inbox at 3PM sharp.

Sign up here.