Baltimore-based MCB Real Estate has acquired Keene Plaza, an 81,272-square-foot neighborhood shopping center in Largo, Florida. Anchored by Sprouts Farmers Market and BioLife Plasma Services, the center draws an estimated 2 million visitors a year. The purchase expands MCB’s portfolio of grocery-anchored retail properties; the transaction price was not disclosed.
Key takeaways
MCB says the acquisition fits its strategy of buying well-located retail centers with potential to add value. Key details include:
- Keene Plaza is at 2150 East Bay Drive in Largo.
- Its tenant lineup includes Sprouts Farmers Market, BioLife Plasma Services, McDonald’s and Dollar General.
- The center received a comprehensive renovation in 2025.
- The sale price has not been released.
A neighborhood center in Largo
Built in 1988, Keene Plaza serves residents in the Tampa Bay-area community of Largo. MCB describes the property as a convenient shopping destination, with its mix of grocery, service and food tenants helping draw regular visits. The center’s reported annual visitation is about 2 million.
Alongside its two anchors, tenants include Little Caesars, Hibachi Express, The Corner Skillet and Corner Wash Laundry. The range of businesses combines everyday shopping and services with dining options.
Recent upgrades and investment strategy
Keene Plaza underwent a broad renovation in 2025. Work included refreshed building facades, resurfaced parking areas, improved lighting, updated suite interiors, mechanical-system upgrades and new roofs.
MCB executive Daniel Taub said the property’s visibility, traffic, tenant diversity and recent improvements supported the company’s interest. The firm said it is targeting grocery-anchored centers with value-add potential in growing markets where retail supply is constrained. MCB has not disclosed the acquisition price.
Sources
- Baltimore-based MCB Real Estate acquires Florida shopping center, Maryland Daily Record.
- MCB Real Estate buys Sprouts-anchored Keene Plaza in Florida, The Business Journals.