Developers close on land for mixed-use center Beacon Square

Annapolis MD

31 December, 2021

10:09 AM

Description

Developers close on land for mixed-use center Beacon Square ANNAPOLIS, Md. – Georgia- based developer SJC Ventures and AvalonBay Communities, Inc., an equity REIT, have closed on the land purchase for Beacon Square, a mixed-use center coming soon to Annapolis, Maryland located at 2500 Riva Road. The 13-acre site was sold to the project partners by Corporate Office Properties Trust. “Beacon Square will become part of our portfolio of transformative and high energy mixed-use centers to give residents in Annapolis a central gathering place for living, working, shopping and entertainment,” said Jeff Garrison, partner at SJC Ventures. “We look forward to breaking ground immediately.” Beacon Square will offer 52,000 square feet of retail and office space, 508 multi-family units, and a 43,000 square foot grocery store. Cushman Wakefield brokered the deal between SJC ventures and AvalonBay Communities, Inc. and the architect for the property is Dynamik Design. H & R Retail is handling retail leasing for the space. About SJC Ventures Founded in 2007, SJC Ventures, formerly S.J. Collins Enterprises, is a privately held, mixed-use commercial real estate and retail development firm. The company has acquired and developed more than 60 retail, mixed-use, multifamily and office projects throughout the continental U.S. The company is headquartered in Georgia. For more information, visit www.sjcventures.com. [Rendering 1 attached: Beacon Square Multifamily view] For more information, please contact:Candice Brown-McElyea [email protected] 941-232-9046