MCB Real Estate Adds Keene Plaza in Largo, FL to Growing Portfolio of Retail Assets

Grocery-Anchored, 81,000-Square-Foot Shopping Center Enjoys Two Million Annual Visits

BALTIMORE - MCB Real Estate, an institutional commercial real estate investment management firm and developer with nationwide holdings, has acquired Keene Plaza, an 81,272-square-foot grocery-anchored neighborhood center in Largo, Florida. Situated at 2150 East Bay Drive, just six miles southeast of Clearwater, the high-performing asset attracts 2 million visitors every year.

Positioned along the densest commercial corridor in the Mid-Pinellas retail submarket, Keene Plaza sits at the heavily trafficked, signalized intersection of East Bay Drive and Keene Road. The intersection draws more than 93,500 vehicles per day, and the center directly serves a dense surrounding population of more than 16,000 residents within a one-mile radius, with a median household income of $66,000. Anchored by Sprouts Farmers Market and BioLife Plasma Services, Keene Plaza features a diverse tenant mix that includes McDonald's, Little Caesars, Dollar General, Hibachi Express, The Corner Skillet, and Corner Wash Laundry. The center serves as a convenient daily-needs shopping destination for the surrounding community.

The acquisition reinforces MCB's long-standing investment strategy of acquiring well-located, grocery-anchored retail centers with value-add potential in growing, supply-constrained markets.

"Keene Plaza represents the type of retail investment we continue to pursue: well-located neighborhood centers anchored by strong retailers and supported by compelling market fundamentals," said Daniel Taub, Senior Managing Director and Head of Retail at MCB Real Estate. "The property benefits from excellent visibility, strong traffic counts, a diverse tenant base, and recent capital improvements that position it well for long-term performance. We remain focused on identifying opportunities where we can create value while delivering stable cash flow and attractive risk-adjusted returns for our investors."

A comprehensive capital plan completed in 2025 modernized the center. Upgrades included fresh building facades, resurfaced parking facilities, enhanced lighting, modern suite interiors, updated mechanical systems, and new roof installations.

About MCB Real Estate
Founded in 2007, MCB Real Estate is a community-centric, privately held national commercial real estate investment management and development firm headquartered in Baltimore, Maryland. MCB boasts a nationwide portfolio of $4.5 billion in assets under management, totaling approximately 23 million square feet, with almost six million square feet in its development pipeline. Property types include industrial, office, retail, mixed-use, multi-family, and healthcare. The firm offers a seamlessly integrated suite of commercial real estate investment services, including acquisitions, development, construction, asset management, property management, leasing, marketing, financing, and legal expertise, ensuring comprehensive support throughout every stage of an asset's lifecycle. www.mcbrealestate.com