Marley Station mall sold for $22.7 million

Marley Station mall has been sold to a Texas developer for $22.7 million.

Marley Station mall in Glen Burnie has been sold to a Texas-based investor for $22.7 million.

Developer G.L. Harris of Fort Worth, Texas, bought the more than 800,000-square-foot-mall, built in 1987, from LNR Partners LLC of Miami Beach in a deal that closed Dec. 20, CoStar Realty Information Inc. reported.

The mall on Ritchie Highway, with a just over 2 percent vacancy rate, is anchored by Macy's, Sears and JCPenney and has 57 additional stores. It was last renovated in 1996.

Harris, identified in news reports as a developer with a history of buying older shopping centers, could not be reached Tuesday. The developer owns three other malls in Texas and Illinois, according to CoStar.

lorraine.mirabella@baltsun.com

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