Greenberg Gibbons Adds MCB Real Estate to Foundry Row Partnership

Baltimore, MD. (July 17, 2023) – Greenberg Gibbons announced today that MCB Real Estate will become a fellow partner in Foundry Row, the 340,000-square-foot mixed-use destination in Owings Mills, Maryland. Greenberg Gibbons and Vanguard Equities partnered to develop and have operated Foundry Row since 2011. MCB Real Estate joins this partnership and will provide additional investment capital and oversight. Greenberg Gibbons will remain the operator of the property.

“From day one, Foundry Row has been a tremendous success and community asset,” said Eric Walter, President of Greenberg Gibbons. “We have been impressed with MCB’s commitment to creating great places in Baltimore and we are excited to have MCB bring its local knowledge, capital, and experience to the team that will help carry Foundry Row into the future.”

MCB Real Estate is a leading, Maryland-based institutional investment management firm. Some notable Baltimore properties that MCB has developed and acquired include Yard 56, Northwood Commons, The Rotunda, and Madison Park North.

“Greenberg Gibbons and Vanguard are best-in-class operators,” noted Peter Pinkard one of MCB’s co-founders and managing partners. “MCB is grateful for the opportunity to invest with them and to add this amazing core asset to its diverse retail portfolio.”

Foundry Row, located on Reisterstown Road, is anchored by a 110,000-square-foot Wegmans Food Market. The property also features Mama’s on the Half Shell, Panera Bread, Mission BBQ, HomeGoods, Cava, Chipotle, Foundry Row Wine & Spirits, DSW Shoe Warehouse, Old Navy, Ulta Beauty, LifeBridge Health, LA Fitness and La-Z-Boy Home Furnishings and Décor, and more. For more information and to see a full list of stores and restaurants, go to VisitFoundryRow.com or follow the property on Facebook.

About Greenberg Gibbons
Celebrating 55 years of success, Greenberg Gibbons is one of the East Coast’s premier developers, investors, owners, and operators of mixed-use, retail, commercial, and residential properties. The firm’s rapidly expanding portfolio includes more than 6.5 million square feet and $1.5 billion in assets. Its innovative ground-up development and revitalization projects create engaging destinations and inspiring experiences while making a positive ripple effect in the communities they serve. Headquartered in Baltimore, Greenberg Gibbons has 51 projects across seven states. For more information, visit www.ggcommercial.com.

About Vanguard
Since 1987, Vanguard has been at the forefront of retail real estate development in the Mid-Atlantic region, creating, building, and managing its portfolio of successful projects with national and local tenants. For more information, go to: www.vanguardretaildev.com.

About MCB Real Estate
MCB Real Estate, LLC (“MCB”) is an institutional investment management firm headquartered in Maryland. MCB boasts a diverse portfolio of operating assets totaling approximately 14 million sq. ft. of industrial, office, retail, mixed-use, and multi-family properties with almost 4 million sq. ft. in its development pipeline. www.mcbrealestate.com