Country Ridge Shopping Center, a 132,000-square-foot retail center in Essex, has sold for $10.7 million.
The buyer is 1500 Country Ridge Ln, LLC, an entity owned by investor Javed Aizaz. The seller was Crilley Warehouse LLC.
Built in 1963 on a 11.55-acre parcel at 1500 to 1550 Country Ridge Lane, the shopping center has a mix of national and local tenants including Dollar Tree Store, Family Dollar, Country Ridge Bingo and Children R Us Learning Center. It also contains two pad sites that are leased by Fresh Fresco Market and Miss Twist and a parking lot for about 630 vehicles. It was 69 percent leased on April 27, when the sale was finalized.
Nearly 200,000 people live within five miles of the shopping center, which fronts on Back River Neck Road and is easily accessible from the Baltimore Beltway, Eastern Boulevard and Maryland Route 703. Another 163,000 people work within a five-mile radius…