Schwaber Holdings announced today that it is expanding Yorkridge Shopping Center, and that longtime tenant M&T Bank will relocate within the center later this year to an updated branch that will feature service desks (in place of teller lines), remodeled front vestibules and customer seating areas, coffee stations and updated furniture and technology. M&T Bank has a tenant at Yorkridge Shopping Center for more than twenty-five years.
Simultaneous with building M&T Bank’s new branch, Schwaber Holdings is marketing M&T Bank’s existing space (4,100 square feet) to restaurants, fitness and wellness operators, and services.
Last fall, Schwaber Holdings began construction on a 2,500 square-foot expansion to Yorkridge Shopping Center, which will help to further solidify the 170,000-square-foot neighborhood shopping center as one of the corridor’s premier destinations for shopping, dining, and services.
“The changes to Yorkridge Shopping Center make for a more dynamic neighborhood center,” said Mark Renbaum, CEO of Schwaber Holdings. “The new M&T Bank, and the addition of new tenants in the existing M&T Bank space, will mean more visitors to our Center and one-stop shopping for all of their daily needs. Yorkridge Shopping Center continues to grow and remain relevant as a true community asset.”
Yorkridge Shopping Center is anchored by Kohl’s, Michaels Stores, and MOM’s Organic Market, and is situated within a dense market area featuring nearly 180,000 residents in a five-mile radius. This includes more than 73,000 households with an average household income of $100,964. More than 40,000 vehicles pass the site on a daily basis.
Schwaber Holdings, a full-service commercial real estate investment, development, and management company, was founded more than 85 years ago, and is based in Pikesville, MD. The company currently has ownership of over 800,000 square feet of retail, office, and industrial properties, including Yorkridge Shopping Center (Timonium), Gittings Marketplace (Towson), Pikes Village (Pikesville), Pulaski Crossing, and Cold Spring Shopping Center.
