OC Today-Dispatch OCTOBER 31, 2025
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PRICELESS
OC tram fatality settled Victim’s family, City Hall agree out of court to terms after horrific 2024 Boardwalk collision. — PAGE 12
Bus lane busted? SHA to pitch plan to turn lane over to bikes, move buses into slow lane. — PAGE 6
Giant road project BRIAN SHANE/OC TODAY-DISPATCH
SUNNY SKIES FOR SUNFEST Lovely fall weather brought out great crowds to Sunfest last week, with the inlet crowd swelling to one of the largest ever, top. Above, one of the highflying dogs shows off the order of the day at the Dock Dogs competition.
Work to begin on intersection for new shopping center. — PAGE 22
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OC Today-Dispatch
OCTOBER 31, 2025
OCTOBER 31, 2025
OC Today-Dispatch
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SUBMITTED PHOTO/OC TODAY-DISPATCH
The West Ocean City outlet center, known for its national brand stores, is now for sale. As of Sept. 18, the listing status is labeled as “under contract.”
West OC shopping center, leases now ‘under contract’ By Brian Shane Staff Writer (Oct. 31, 2025) A West Ocean City shopping center and its retail leases are both up for grabs. Outlets Ocean City has been on the market since July 7 as a listing from commercial real estate brokerage Berkeley Capital Advisors. The listing status changed to “under contract” as of Sept. 18. No sale price is posted online. The unnamed buyer is a group, according to listing agent Morgan Hall. She said the group has been doing due diligence ahead of a settlement on the property. Hall provided no other details. Located along Route 50 in West Ocean City, the 200,000-square-foot retail center has a mix of local stores and national brands, including anchor stores Old Navy and Home Goods. Restaurants are Mione’s Pizza, Outback Steakhouse, and the Japanese eatery Sakura. The property has a net operating income of $2.46 million, with 82% occupancy, the listing also says. Despite several empty storefronts visible throughout the property, the listing claims the shopping center is “experiencing strong leasing momentum” with 19,000 square feet of new leases signed for this year and another 36,000 square feet of tenant renewals executed. A new buyer is encouraged to raise rents: the property includes 20 tenants without renewal options, the listing says, and their rents are below market value by about $6.50 per square foot. Raising rents and filling vacancies could generate another $1 million in revenue over three years, the listing says. The listing also highlights West Ocean City’s affluence as a selling point, saying the average household income in a five-minute drive of the
property is more than $144,000, though the source of that information is unclear. Not only is the property for sale, but so is its land lease. Leaseholder rights on the property hit the market Aug. 13, offered by Salisbury-based commercial realty brokerage SVN Miller, for $6.5 million. The lease term would expire in the year 2083. Chicago-based Ignite Retail Partners is the property’s current leasing company. That same listing also says the 21acre outlets property was recently appraised at $13.2 million but doesn’t say where that information came from. If someone were to purchase both the property and its lease rights, a buyer could potentially redevelop the site for non-retail uses, like hotels, condos, a conference center, or other mixed-use projects, according to the real estate website Crexi. The outlets property has changed hands several times in recent years. Baltimore-based Cordish Company used to own the property and called it Ocean City Factory Outlets. In 2011, shopping center operator Tanger Inc. acquired the property, invested heavily in exterior renovations, and called it Tanger Outlets Ocean City. By 2019, Tanger had sold the property to buyers Singerman Real Estate and The Outlet Resource Group, part of a bundled purchase that included three other outlet properties for $130 million. That new ownership group re-branded to Outlets Ocean City. The outlets for sale are not to be confused with the adjacent White Marlin Mall, another separately owned and operated shopping center on Route 50 anchored by Staples, Marshalls, Planet Fitness, and Ulta Beauty.
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