blackoakusanews

Starbucks to join tenants in Unity Village Shoppes

2016-05-04T07:13:00.000-07:00

TRIB LIVE

May 12, 2015

LATROBE — A Starbucks is planned for one of two new buildings at Unity Village Shoppes, recommended for approval by the township planning commission.

Black Oak plans renovation of Hicone Shopping Center in Greensboro

2016-04-14T12:20:00.000-07:00

CIJ JOURNAL

Black Oak plans renovation of Hicone Shopping Center in Greensboro

February 3, 2016

GREENSBORO The owners of the Hicone Shopping Center, Black Oak, is planning a $1 million renovation of the shopping center. The company will completely overhaul the building's facade while adding a a full parking lot overlay and new sidewalks. Anchored by Food Lion, CVS and Country Kitchen, the center is currently 87 percent leased and has additional pad acreage available for future development. The Baltimore-based real estate investment firm purchased the center, located at the intersection of Hicone Road and Rankin Mill Road in downtown Greensboro in North Carolina, in late 2013. Black Oak has selected the contractor HICAPS, which is expected to begin work in March. Completion is scheduled for July 2016.

Relocated Eldersburg Walmart Opens for Shoppers

2016-04-13T07:21:00.000-07:00

By Michel Elben

CARROLL COUNTY TIMES

October 20, 2015

ELDERSBURG — Hanging signs and stocking inventory earlier this week, employees were preparing for the Wednesday, Oct. 21, grand opening of the relocated Walmart Supercenter at the redeveloped Eldersburg Commons retail center.

"We're just looking forward to opening the doors. It's the perfect season for it," store manager Natalie Butcher said.

The original Eldersburg Walmart, which had been just down the street at 1320 Liberty Road, closes Wednesday as the new Supercenter, the anchor store of the Eldersburg Commons development, opens. Butcher said all employees were relocated to the new location, at the corner of Liberty and Ridge roads. The new store will employ up to 400 full- and part-time associates, adding about 150 new jobs to the previous total.

BLACK OAK AND BROAD OAK ACQUIRE MIXED USE PROPERTY IN CENTRAL NEW JERSEY

2016-03-09T07:28:00.000-08:00

March 6, 2015

A joint venture between Black Oak Associates and Broad Oak Partners acquired a 98,000 square foot mixed use property for $6.2 million on March 5, 2015. The property was purchased from 1600 Olden LLC.

The property is anchored by Family Dollar and the State of New Jersey Department of Motor Vehicles, and is located in Ewing, New Jersey, north of Trenton. The property is a combination of retail, office and flex space and is well located within its trade area to serve the over 150,000 residents that live within three miles of the property. The property includes approximately 30,000 square feet of vacant space, which creates the opportunity to make investments and improve the property in the years ahead.

JV Acquires Mixed-Use Property in Central New Jersey for $6.2M

2015-03-18T12:31:00.001-07:00

REBUSINESS ONLINE
Mixed-Use, New Jersey, Northeast
March 12, 2015

EWING TOWNSHIP, N.J. — A joint venture between Black Oak Associates and Broad Oak Partners has acquired a 98,000-square-foot mixed-use property located at 1600 N. Olden Ave. in Ewing Township. 1600 Olden LLC sold the property for $6.2 million. Family Dollar and the State of New Jersey Department of Motor Vehicles anchor the property, which offers a mix of retail, office and flex space. At the time of sale, the property was 70 percent occupied. The acquisition is the third in Black Oak’s investment fund vehicle, Black Oak IV LP. David Bernhaut of Cushman & Wakefield represented the seller in the transaction.

Black Oak Associates and Broad Oak Partners Acquire Mixed-Use Property in Central New Jersey for $6.2 Milli

2015-03-18T12:24:00.000-07:00

citybizlist BALTIMORE

3/9/15

A joint venture between Black Oak Associates and Broad Oak Partners has acquired a 98,000 square foot mixed-use property in Ewing Township, New Jersey for $6.2 million. The property, located on 1600 N. Olden Avenue, was purchased from 1600 Olden LLC. David W. Bernhaut of Cushman & Wakefield represented the seller in this transaction.

1600 N. Olden Avenue is anchored by Family Dollar and the State of New Jersey Department of Motor Vehicles. The property consists of a combination of retail, office and flex space and services the local trade area of more than 150,000 residents that live within three miles of the property, with an average household income approaching $65,000. The asset includes approximately 30,000 square feet of vacant space, which creates the opportunity for the joint venture to increase long-term value with successful leasing activity.

JV Buys Grocery-Anchored Shopping Center in Belleville for $10.5M

2014-03-04T12:46:00.000-08:00

REBUSINESS ONLINE

February 19, 2014

A joint venture between Black Oak Associates and MCB Real Estate has acquired a 54,000-square-foot, grocery-anchored shopping center in Belleville for $10.5 million. The property was purchased from Mount Kellett Capital Management LP, owner of A&P grocery, and was structured as a sale-leaseback transaction. The shopping center is anchored by Pathmark, one of A&P’s grocery store banners, and is located about 10 miles west of New York City.

Black Oak and MCB Acquire Grocery Anchored Shopping Center for Redevelopment in Northern New Jersey

2014-03-03T13:55:00.000-08:00

citybizlist BALTIMORE
OwingsMills-Reisterstown Patch
Tuesday, February 18, 2014

A joint venture between Black Oak Associates and MCB Real Estate, commercial real estate developers headquartered in Maryland, acquired a 54,000 square foot grocery anchored shopping center for $10.5 million on January 30, 2014. The property was purchased from Mount Kellett Capital Management, LP, owner of A&P, and was structured as a sale lease back transaction.

The shopping center is anchored by Pathmark, one of A&P’s grocery store banners, and is located in Belleville, New Jersey, about 10 miles west of New York City. The center benefits from exceptional population density, with over 50,000 people within one mile and over 180,000 people within two miles of the property. The site totals 10 acres, which creates the opportunity to develop over 20,000 square feet of new retail space in the future.

Maryland Group enters N.C., buys Hicone Retail Center in Greensboro

2014-02-19T06:27:00.005-08:00

By Catherine Carlock
September 20, 2013 | 1:43 p.m.

A Maryland-based commercial real estate development and investment group has purchased the 90,000-square-foot Hicone Shopping Center in northeast Greensboro for $7.2 million.
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Black Oak Associates Acquires Hicone Shopping Center In Greensboro, North Carolina

2014-02-19T06:22:00.001-08:00

September 20, 2013

Black Oak Associates, the Owings Mills, Maryland headquartered commercial real estate development and investment group, purchased Hicone Shopping Center, a 90,000 square foot grocery-anchored shopping center in Greensboro, North Carolina for $7.2 million. The shopping center is anchored by Food Lion and CVS and is located at the intersection of Hicone Road and Rankin Mill Road, minutes away from Highway 29 and downtown Greensboro. In addition, Hicone Shopping Center is home to numerous other national tenants and local tenants that meet a wide range of everyday needs. Currently, the center is over 85% leased and has additional pad acreage available for future developments. Black Oak will be working with Nancy Cox and her team at NAI Piedmont Triad, the leasing representative for the property.
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New Owner for Owings Mills Shopping Center

2012-06-27T13:22:00.000-07:00

Black Oak Associates buys New Town Village Shopping Center for $22.5 million

By Steve Kilar, The Baltimore Sun
June 27, 2012

An Owings Mills-based real estate investment and development group has bought the New Town Village Shopping Center in Owings Mills for $22.5 million, the buyer announced Wednesday. Black Oak Associates, whose investment portfolio contains 13 shopping centers, purchased the Giant Food-anchored shopping area from New Town Village Business Trust, a joint venture of Kimco Realty Corp. and Jones Lang LaSalle, Black Oak said in a statement. The 117,000-square-foot shopping plaza is on Lakeside Boulevard at Groffs Mill Drive. In addition to the grocery store, New Town contains a Merritt Athletic Club, a Starbucks, an M&T Bank branch, and several independent restaurants and shops, the statement said. The shopping center is more than 94 percent leased. Black Oak has hired KLNB Retail to act as New Town's leasing agent. Black Oak has also purchased shopping centers in Cumberland and Laurel in the past 18 months.

Black Oak Buys Bottom Dollar Anchored Center in Laurel

2011-12-04T12:21:00.000-08:00

Owings Mills, MD-based Black Oak Associates, Inc. has acquired the 30,000 square foot shopping center in the Baltimore and Washington D.C. suburb of Laurel, MD for $3 million.

Original Article

Black Oak Associates launches their new brand identity online

2011-11-28T07:54:00.000-08:00

Black Oak Associates decided to change it up this Fall and change the face of the company. With a new company image, they are hoping to set the stage entering the next year and focus on expanding their sustainable development portfolio.

Westminster Shopping Center Plugs Future of Electric Cars

2011-07-21T08:16:00.000-07:00

College Square has county's lone charging station.

By Bob Allen
July 21, 2011 | 11:09 p.m.

One could think of the electric vehicle charging station at Westminster's College Square shopping center as a single point in a widening state-, region- and nation-wide grid.

The two plug-in devices, installed in January, have had very little use so far — literally just a few charges.

But advocates of the electric vehicle market believe that will change.

Buyer Claims Manassas Shopping Center

2011-03-07T08:04:00.000-08:00

By Danielle Douglas
Monday, March 7, 2011

Black Oak Associates, an Owings Mills, Md., retail developer and investor, has snagged the Hastings Marketplace shopping center in Manassas as part of a $21.6 million deal for a stalled mixed-used development of the same name that fell victim to the credit crunch.

To view the full article, click here, Original Article.

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Black Oak Buys 130,000 SF Cumberland Shopping Center for $3.75M

2010-12-05T08:23:00.000-08:00

Baltimore Business Journal by Jimmy Butts, Associate Editor- Published 12/5/2010
Original Article

Owings Mills, MD-based commercial real estate development and investment group Black Oak Associates, Inc. has acquired a 130,000 square foot shopping center in Cumberland, MD for $3.75 million.

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Real Estate Investor Black Oak Gears Up for $50M Offering

2010-03-21T08:11:00.000-07:00

by Citybizlist Staff

OWINGS MILLS, Md. - In an SEC filing, real estate development company Black Oak Associates reported a pooled investment offering of $50 million with a minimum of $500,000 per investor.

In the planned offering for Black Oak III, LP, principals listed in the filing include R. Dixon Harvey Jr., president; Jack Griswold, chairman; Dara Hawat; Steven Jennings, chief financial officer;Michael Trenery, vice president of development.

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