Portion of Towson Commons sells for $10.3M

April 27, 2022

New York investors have scooped up a prime Towson retail landmark on the busy York Road corridor.

The 48,000-square-foot “retail condo” at Towson Commons that holds a LA Fitness gym was recently sold for $10.375 million. The retail, office and parking portions of the prominent center at 1 W Pennsylvania Ave. were not included in the sale.

Marcus & Millichap (NYSE: MMI), which brokered the deal, did not release details about the buyer except to say they are from New York and state property records do not yet reflect the transaction.

LA Fitness will remain open at the site. The seller was Garrison Investment Group, which acquired the property around 2015 as an investor.

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