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 property draws an estimated 2 million visitors a year. The purchase price was not disclosed, and MCB cited the center’s location, tenant mix and recent upgrades as part of its appeal.
Key takeaways
The acquisition gives MCB a grocery-anchored retail property in the Tampa Bay area and reflects its stated focus on centers with potential to add value.
- Keene Plaza is at 2150 East Bay Drive in Largo.
- Sprouts Farmers Market and BioLife Plasma Services anchor the center.
- A comprehensive renovation was completed in 2025.
- The sale price was not disclosed.
A neighborhood center in Largo
Built in 1988, Keene Plaza serves local shoppers with a mix of national and regional businesses. In addition to its two anchors, tenants include McDonald’s, Little Caesars, Dollar General, Hibachi Express, The Corner Skillet and Corner Wash Laundry. MCB says the center attracts about 2 million visitors annually.
The property’s size, visibility and tenant variety are among the factors the firm highlighted in announcing the purchase. MCB executive Daniel Taub described the center as consistent with the company’s interest in well-located neighborhood retail supported by established retailers and favorable market conditions.
Recent upgrades and investment strategy
Keene Plaza received a broad renovation in 2025. Work included refreshed exterior facades, resurfaced parking areas, improved lighting, updated tenant interiors and mechanical systems, and new roof installations. Those improvements may help position the property for continued operations, though MCB has not disclosed specific plans for the center.
The acquisition aligns with MCB’s stated strategy of pursuing grocery-anchored retail properties with value-add potential in growing markets where new supply is limited. The firm has not released financial terms, so the purchase price and any expected investment returns remain unknown.
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.