Article: Maryland Developer Buys Abandoned Strip Mall outside Annapolis.

By Childs Walker, The Baltimore Sun Knight Ridder/Tribune Business News

Apr. 1--An Owings Mills developer has bought the abandoned Parole Plaza strip mall outside Annapolis for $25 million and plans to transform the long-struggling commercial site into a $300 million mix of retail stores, office towers and residential units.

Yesterday's announcement of the purchase by Greenberg Commercial Corp. ends years of uncertainty surrounding the 34-acre property, considered one of the most valuable commercial parcels available in Anne Arundel County.

"I think this is the type of project that everybody wants to see," said Brian Gibbons, president ...

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