MCB acquires Takoma Park Shopping Center, adds seven Harborplace tenants

MCB Real Estate, the owner of Baltimore’s Harborplace pavilions, has expanded its holdings in Maryland with the acquisition of a retail property in Takoma Park.

MCB announced on Monday that it has purchased the Takoma Park Shopping Center, a 51,205-square-foot property at 8750 Arliss Street in Takoma Park.

Giant Food is the anchor, with a 45,435-square-foot branch. Another tenant is Montgomery Beauty School, which leases 2,538 square feet and is adding another 3,000-square-foot space.

Based in Baltimore, MCB acquired the property from an undisclosed private seller represented by JLL.

“The process for securing Takoma Park all started because of our close partnerships with some of the region’s most notable grocery brands,” said MCB co-founder and managing partner Peter Pinkard, in a statement. “MCB has cultivated deep trust with the grocers like Giant and our years-long connection with them was crucial in coming to an agreement on this transaction and obtaining a very popular asset that’s poised for even greater success.”

Other MCB projects include Viva White Oak, a 280-acre, 12 million-square-foot mixed-use development in Montgomery County, and The Shops at Fairway Village, a $115 million mixed-use project in Waldorf, scheduled to open in spring of 2026.

This week, MCB is welcoming seven temporary retail tenants to Harborplace as part of a collaboration with the Downtown Partnership of Baltimore and its Black Owned and Operated Storefront Tenancy (BOOST) program.

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