Curated News
By: NewsRamp Editorial Staff
September 03, 2025
Rosso Commercial Sells Georgetown Plaza for $4.9M in Annapolis
TLDR
- Rosso Commercial secured a competitive advantage by closing the $4.9 million off-market sale of Georgetown Plaza, maintaining exclusive leasing rights with the new ownership.
- Rosso Commercial methodically handled the sale of the 40,000 square foot mixed-use property through an off-market transaction that closed on August 29, 2025.
- This sale preserves Georgetown Plaza's 30-year legacy as a community hub, ensuring continued service to Annapolis residents through established local businesses.
- Georgetown Plaza sold for $4.9 million after decades under single ownership, featuring prominent tenants like Main & Market in a prime Annapolis location.
Impact - Why it Matters
This transaction matters because commercial real estate sales of established properties like Georgetown Plaza often signal economic vitality and investment confidence in local communities. For residents and businesses in Annapolis, the sale could lead to potential renovations, new tenant opportunities, or enhanced services at this long-standing shopping center. The retention of Rosso Commercial as leasing agents suggests stability and continued professional management, which benefits existing tenants and attracts future businesses. Such deals also contribute to the local tax base and can stimulate surrounding economic activity, making this news relevant to anyone interested in Annapolis's commercial development and real estate market trends.
Summary
Rosso Commercial Real Estate has successfully orchestrated the sale of Georgetown Plaza, a prominent 40,000-square-foot mixed-use property located at 914 Bay Ridge Road in Annapolis, Maryland, for approximately $4.9 million. The transaction, which closed on August 29, 2025, represents the first ownership change in decades for this established neighborhood center that has served the Annapolis Neck – Bay Ridge Peninsula community for over 30 years. The property features key tenants including Main & Market, Domino's, Annapolis Family Dentistry, and several other valued businesses, making it a cornerstone of the local retail and service landscape.
The deal was handled by Rosso Commercial's team, with Ryan Brassel and Ross Westholm representing the seller in this off-market transaction. Principal John Rosso emphasized the property's excellent location along the highly traveled Forest Drive corridor, strong tenancy, and decades-long reputation as factors that attracted the new ownership. Notably, the new owners have retained Ryan and Ross at Rosso Commercial as exclusive leasing agents, ensuring continuity in management and further strengthening the firm's role in advancing Georgetown Plaza's legacy within the Annapolis community.
Rosso Commercial, a results-driven boutique commercial real estate agency headquartered in Annapolis, has been involved with Georgetown Plaza since 2018, handling leasing efforts under prior ownership. The firm's expertise in progressive marketing and traditional relationship-building has positioned it as a key player in Mid-Atlantic commercial real estate, licensed in Maryland, DC, Delaware, and Virginia. This transaction underscores Rosso Commercial's capability in facilitating significant property sales while maintaining strong client relationships and contributing to the vibrancy of local commercial landscapes.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Rosso Commercial Sells Georgetown Plaza for $4.9M in Annapolis
