Trout Daniel & Associates announces the sale of the Alley Shops Portfolio, located in Pikesville, for $2,450,000.

Gilbert Trout, Director of Investment Real Estate at Trout Daniel & Associates represented the seller. Gregory Miele of Metropol Realty in Great Falls, VA represented the buyer.

Positioned in the heart of Pikesville’s Reisterstown Road corridor, the Alley Shops is a Pikesville 26,400 SF mixed-use property consisting of 5-buildings and over 20 tenants.

“With its blend of charm, access, and a central Pikesville location, the Alley Shops have been a Pikesville staple for years. Although with almost two-dozen tenants and 5 buildings, it’s a complex asset to sell,” states Trout,” the value of this asset stems from its history of consistent leasing success and a roster of tenants, some of whom have been in place for decades. Pikesville continues to be a great destination for its shopping, walkability and entrepreneurial business environment.”

About Trout Daniel & Associates

Trout Daniel & Associates is a full-service commercial real estate brokerage serving businesses throughout the mid-Atlantic and beyond. The firm takes a highly-customizable approach to providing a full range of commercial real estate services, including brokerage, development, consulting and management to the retail, office, industrial, multi-family and investment market segments.

For more information, call: 410-435-4004 or visit: www.troutdaniel.com.