The Reliable Group Acquires 118,000 Square Feet to Revitalize The Market at South River Colony

Edgewater, MD - April 23, 2024 - The Reliable Group is pleased to announce its recent acquisition of The Market at South River Colony, a neighborhood shopping center located in Edgewater, MD. Covering an expansive 118,000 square feet across 16 acres along Rt. 2 and Rt. 214.

The Market at South River Colony boasts a distinguished lineup of national tenants, including Weis Markets, Walgreens, West Marine, Green Turtle, and various other food establishments and neighborhood retailers. With this strategic acquisition, The Reliable Group is poised to leverage its expertise in revitalization strategies to enhance the center's appeal and introduce fresh, dynamic tenants to the thriving Edgewater community.

"We are incredibly excited to execute this transaction on behalf of our investment group and look forward to improving the shopping center." stated David Goodwin, Vice President of Acquisitions and Asset Management at The Reliable Group. "Our team is gearing up to execute a value-add strategy, aimed at revitalizing the center, enhancing its curb appeal, and attracting exciting new tenants to the vibrant Edgewater area."

Hyatt Commercial facilitated the sale transaction as the exclusive broker and will continue to collaborate closely with The Reliable Group to provide leasing and management services for the property. For leasing inquiries and availability, interested parties are encouraged to contact George Shenas and Collin Mercier at Hyatt Commercial.

For media inquiries please contact Gabrielle Titow, Director of Resources & Development at 410-260-6530 or gtitow@hyattcommercial.com

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About The Reliable Group:
The Reliable Group is a multifaceted real estate company that both invests in real estate directly and has five operating companies providing services in brokerage, property management, construction, development, and entitlement. The current TRG portfolio has over $100MM AUM (assets under management).

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.