Rent-A-Center Incorporated

Alameda Marketplace sells for $11.3 million

Alameda Marketplace sells for $11.3 million

A Virginia-based real estate company may locate a new fitness center on an unused portion of Baltimore's 10.9-acre Alameda Marketplace, which it acquired last week.

Atlantic Realty Companies, which bought the shopping center for $11.3 million, plans to seek ideas from community groups in the next two months as it develops a plan for a roughly 3-acre open space, said President David Ross.

"We're looking for the right uses for the center," he said, adding that fitness centers have been interested in the location. "We want to make sure that we reach out to the community first."

Ross said he hopes the new development will help drive traffic to the center,...