Sherwin-Williams Company Leases Space With St. John Properties In Magothy Beach Plaza

The Sherwin-Williams Company has signed two leases with St. John Properties Inc. at Timonium Exchange in Baltimore County and Magothy Beach Plaza in Pasadena, cumulatively totaling approximately 13,000 square feet of space. The paint and coating company intends to open a 3,708-square-foot retail space for Magothy Beach Plaza, with a planned opening this December. Eric Llewellyn of St. John Properties represented the landlord and Matt Copeland and Cooper Henry of KLNB represented the client in the lease at Magothy Beach Plaza.

“We have been looking for a great location in Pasadena for quite some time and believe Magothy Beach Plaza, given its placement within a high-density residential area and existing tenant base, represents a terrific spot,” explained Chris Maylott, senior real estate representative for the Sherwin-Williams Company. “Because so many consumers own both primary and secondary houses in Pasadena, we believe the market is extremely fertile and offers long-term opportunities for a new paint store. Additionally, and most importantly, a new Sherwin-Williams location allows us to offer the local Pasadena market excellent products and customer service just a few minutes away.”

Magothy Beach Plaza is a nearly 30,000-square-foot retail center located at the intersection of MD Route 100 and Mountain Road, and is adjacent to St. John Properties’ Lakeshore Plaza. Tenants include Pivot Physical Therapy, Mutiny Pirate Bar and Ledo Pizza. Nearly 130,000 consumers reside within a five-mile radius, with household incomes approaching $120,000. Lakeshore Plaza features nearly 145,000 square feet of space and is anchored by Safeway, Ace Hardware, Two Rivers Steak & Fish House and Dollar General.

“Sherwin-Williams is a valued client and we’re ecstatic that they’ve chosen these two locations to grow within the St. John Properties portfolio,” stated Matt Lenihan, senior vice president, leasing for St. John Properties. “Both Timonium Exchange and Magothy Beach Plaza are high-visibility projects surrounded by dense residential communities, which provide ample opportunities to our client base. An array of retail amenities surrounds both locations and are significant traffic drivers throughout each center.”