The second quarter saw a surge of retail investment sales in Baltimore, as eight properties traded for $181.7 million at a mean price of $277 psf and a mean cap rate of 9.1%. The leading deal was the April sale of the 679,843-square-foot Towson Place in Towson. Kimco Institutional Partners sold it to Kimco Realty Corp. for $127 million ($267 psf). Other second quarter deals included the sale of two Walgreens in May. The rolling 12 month cap rate is 8.1% for Baltimore, up from 7.1% the previous quarter. It had also been 8.1% one year earlier.