The Reliable Group recently acquired The Lusby Center. a grocery-anchored retail shopping center in Lusby. It is located within the Lusby Town Center and serves the Chesapeake Ranch Estates and 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.”
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