Grocery Outlet Holding Corp. has been selected as the anchor store at the brand-new development, KIC Shopping Center in Kent Island, MD. This transaction was made possible by William Steffey, Senior VP at Hyatt Commercial.
Founded in 1946 by Jim Read, Grocery Outlet has over 400 stores nationwide serving over 1.5 million shoppers weekly. With dedicated buyers ensuring a wide array of products, including fresh produce and organic items, at competitive prices, Grocery Outlet has solidified its position as the country’s leading extreme value retailer.
Developed by The Reliable Group (TRG), KIC Shopping Center, set to open in mid-2025, consists of 16,000 square feet of in-line retail space, three restaurant sites (including one with a drive-thru), and a 3-story independent living building. Now, the center is attracting restaurant and retail tenants in available space, serving as an additional amenity for the Kent Island Community, enhancing the shopping and dining experience for residents and visitors.
TRG, a leading name in Mid-Atlantic real estate, employs a vertically integrated approach, providing leasing, property management, construction, and development services. With ownership of multiple Grocery Anchored Retail Centers, TRG has a proven track record of implementing development and value add business plans.
Construction at KIC will commence in late 2024, signaling the beginning of an exciting new era for Kent Island residents. For inquiries regarding remaining retail and restaurant space, please contact Bill Steffey or George Shenas at 410-266-8800.
About Grocery Outlet Holding Corp.:
Grocery Outlet Holding Corp. is the nation’s largest extreme value retailer, offering deeply discounted, overstocked, and closeout products from name-brand and private-label suppliers. With a commitment to providing customers with unbeatable prices and top-quality brands, Grocery Outlet has been helping shoppers save big since 1946.
About The Reliable Group
The Reliable brand began in 1928 with two ambitious brothers, Frank and Bill Baldwin, and over the years has maintained a reputation as a leader in the construction industry. The Reliable Group is a full-service real-estate company with an ownership group made of experienced real-estate owners, builders and managers; prepared to provide services with unmatched expertise.
About Hyatt Commercial:
Hyatt Commercial, headquartered in Annapolis, Maryland, is a leader in the industry representing local, regional, and national clients in the area. With over 61 years of experience, Hyatt Commercial offers comprehensive real estate services through its subsidiary companies, including property management, commercial construction, brokerage, and land development management residential services. Committed to excellence and driven by a passion for real estate, Hyatt Commercial continues to be a trusted partner in shaping the region’s real estate landscape. Visit hyattcommercial.com for more information.
