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Thursday, April 1, 2021

April 2021 Updates

 Happy April!  Hope everyone is doing well and getting some sun.  Don't eat too much Easter candy.



So I have received some information from the owner that the new second Waldorf Chick fil A will start construction April 19th and be completed in October of this year!  It is a much needed addition as you have seen the traffic trying to get into the current location.  Some improvements were just completed on that one as well.  We look forward to seeing it open.

Cool Runnings Jamaican Restaurant will have its grand opening on April 9th at the Merchants Square Shopping Center 4451 Crain Highway, White Plains.

So in an interesting move, HomeGoods and TJ Maxx are moving from Waldorf Marketplace to the Shops at Waldorf Center.  HomeGoods will be located by Bobs Furniture and TJ Maxx will be over in the former Babies R Us space by Staples. I assume this is to get them more direct exposure.  The move will come Spring 2022.  



I want to lease a commercial space. What do I need?

A little question and answer time.  What do I need when looking to lease commercial space?

I'm going to go thru the basics here not every little detail but this will give you an idea.

First if you are looking for space for a business I hope you have a business plan.  If you have never rented space before or owned a business you need to know what you are getting into.  Business plans break down your strategy, goals and costs.  You can get information on them here:

https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan

The College of Southern Maryland has a great small business development center and can help you out immensely. Here's a link to them:   http://www.mdsbdc.umd.edu/locations/southern-region 

You should have this before looking at space or you are wasting your time.  

Next you contact a commercial real estate agent to help you.  Not your moms residential agent friend from church.  They need to be educated in this field.  Call me.  

Next we go out looking for a space that suits your needs.  We identify a space and its time to put together your leasing proposal or letter of intent.  This form will spell out the main points of the lease you want to have: Length of term, rental rate, commencement date, and things you are requesting from the landlord such as free rent, tenant improvement allowance, fixes to the space, etc.  

We submit the proposal to the Landlord with documents that will help them determine if you are going to be a good candidate for their space.  These include but are not limited to:  Credit report with score and history, Two years tax returns, Financial statement from your bank showing you have funds available and a leasing application that we provide.

From there we wait on the Landlord to give us an answer.  Usually there is some back and forth negotiating on the proposal and finally an agreement is made.  Then its time to have a lease drafted.  When you get the lease you need to read it over carefully.  With any legal document if you don't understand something get legal help!  Preferably a real estate attorney.  When you sign the lease you will give the first months rent and a security deposit.  Once everyone has signed you are off and running!




Monday, March 1, 2021

March 2021 Updates

 Getting closer to spring time!  Warmer temperatures and leaving work with the sun still out.  Lets hope more retailers are out looking for space as well.   #choosekindness


McKay's Grocery will be opening their new location March 4th in California, MD at the Patuxent Crossing Center which was formerly known as San Souci Plaza.  Its located on MacArthur Blvd.


Grand Opening Saturday March 20th at 13 Shining Willow Way behind Five Guys.

Another 7-11 is under construction in Great Mills at the corner of Chancellors Run and Great Mills Road.  






Friday, February 5, 2021

February 2021 Updates

Hello February.  Getting a bit of snow here and there.  Lots of new business to deal with.  Hope we can continue on this trend.  Everyone stay safe! 


MOD Pizza is being shown as a new tenant coming to the Fox Run Shopping Center in Prince Frederick.  They will join Tropical Smoothie, Great Clips, and more in a small strip in the parking lot in front of where Planet Fitness is located.


Aldi market will be coming to La Plata on Rosewick Road across the street from the Rosewick Crossing Shopping Center.  There will be several pad sites available for other users.  

We have several new tenants taking space at the Merchants Square shopping center in White Plains.  Cool Runnings Jamaican Restaurant, Dermacare Weight loss and Aesthetics and a Hispanic grocery store.  The center is now 100% leased!





Thursday, January 7, 2021

January 2021 Updates

Happy New Year!  I hope that this year is full of good things for all of us.  Good health, peace and prosperity for all.  Business usually pick up a bit after the holidays.  We hope to see more great things on the horizon.  


Rock and Toss Crab House has started their renovations to the former Genghis grill space at the shops at waldorf center.   I have not seen any word on an opening date.  Guessing early Spring.


The Cove Fish Market is now open in La Plata at 82 Drury Drive across the street from the Weis Market.

Foodmi African and Caribbean Restaurant is now open for carry out in the La Plata Village Shopping Center at 114 Drury Drive.


Harmony at Waldorf is a new independent living, assisted living, and memory care center under construction located at 11239 Berry Road in Waldorf, MD.  No word on a completion date.


The Holy Hell Kitchen now open in the Lusby Town Center.  214 Village Center Drive Lusby, MD  They have different hours for lunch and dinner time so check before you go.


Thursday, December 3, 2020

December 2020 updates


Happy Holidays to everyone!  I wish for health and happiness to everyone and a much better and brighter new year.  Projects continue to get pushed back until the new year but some are still on course.  Looking forward to getting out of 2020.  


 
Sleep number is building a free standing store in front of the Waldorf Shoppers World next to Chipotle.



Rosewick Crossing Shopping Center has added Royal Furniture and London Kay Hair Salon to their list of tenants.  The Salon is already open.


Kaiser Permanente has purchased 23 acres in waldorf for a new 100,000 square foot medical facility.
It will be located near the corner of Billingsley road and Crain Highway behind the AutoZone.


                                            Concept Photo from Kaiser Permanente

The center will have primary care, specialty care, and urgent care. There will also be a pharmacy,  labs and diagnostic imaging. The center will employ 300 staff members, including new hires.
The first phase will open in early 2025.


Ka'ribbean Fire restaurant coming soon to the La Plata Plaza Shopping Center. Specializing in Caribbean and soul food. They will be located in the former Urban BBQ space behind Five Guys. 13 Shining Willow Way.


The former CVS Pharmacy on Route 210 in Indian Head will be redeveloped into a bomb disposal technology training campus.


Tuesday, November 3, 2020

November 2020 Updates

I cant wait for the upcoming holidays.  Not a fan of the cold and often wet weather.  I'm also not a fan of it being darker when I leave the office.

Hope everyone is staying healthy and safe.  Interested to see what this month brings us.  

Do you still like this format?  I felt like more people shared my blog posts when they were all separate.  It felt like more people got informed that way.  Let me know your thoughts.

And as always please be kind to each other.  Time to put up the Christmas tree!


Cedar Point Federal Credit Union has purchased land across from Target in Waldorf on Western Parkway for a new office.  They plan to open mid 2021.



Five Below is now open in Prince Frederick in the Fox Run Shopping Center.




We have been in contact with the owners of the former Lonestar restaurant on the mall circle and they are proceeding with a middle eastern restaurant.  Still a long way to go to get it up and running.  



EDIT: Now Open!
Arby’s Waldorf grand opening November 9th in the St. Charles Town Plaza shopping center next to Crafty Crab and Burger King. 1130 Smallwood Drive. 

Ledo's Pizza is now open at the corner of Piney Church Road and Billingsley road in White Plains.
11664 Billingsley Road.



Taco Bell will take over the former KFC on Great Mills Road.  No opening date is known.