Ocean City, MD — The McClellan Team with SVN | Miller Commercial Real Estate is proud to announce the successful completion of the sale of 21 acres of land underlying Outlets Ocean City, a property subject to a long-term ground lease with leasehold improvements consisting of the well-known outdoor shopping center.
The McClellan Team facilitated a highly intricate transaction involving detailed financial analysis, coordination among multiple stakeholders, and a solutions-oriented structure that resulted in the sale of the land to the contract purchaser of the leasehold improvements.
This transaction involved numerous moving parts and required patience, persistence, and strategic problem-solving. Navigating the complexities of a ground lease structure, aligning buyer and seller expectations, and addressing challenges throughout the process required consistent communication and collaboration. Through these efforts, The McClellan Team successfully brought the transaction to a smooth closing and transition of ownership.
“John and his team worked tirelessly and with determination to bring together a complex deal to help us maximize the value of our property. He is a consummate professional and a skilled negotiator, who has an impressive depth of knowledge and experience, and a meticulous attention to detail. He was always available to answer questions and resolve any issues, as he patiently guided us through the many steps to a successful conclusion. I highly recommend that real estate investors in need of an experienced and detailed broker should work with John and his team,” said The Elliott Family, sellers of the property.
With the transaction complete, Outlets Ocean City is now under new ownership and management, positioning one of Ocean City’s most recognized retail destinations for renewed momentum.
As part of the transition, The McClellan Team, in collaboration with fellow SVN | Miller Advisor, Ryan Finnegan, has been awarded the exclusive leasing assignment for the center. The property currently has six units available for lease, offering a range of sizes and locations throughout the center.
Located along the highly traveled West Ocean City corridor, Outlets Ocean City remains a cornerstone retail destination serving both the local community and the region’s strong visitor base. The team is excited to work with ownership to attract new and expanding businesses that complement the existing tenant mix and strengthen the center’s long-term performance.
The McClellan Team and Ryan Finnegan also welcome input from the community: What would you like to see at the Outlets? Understanding what is missing along the West Ocean City corridor helps drive strategic leasing decisions, and the firm values collaboration with local businesses, operators, and residents.
Additional details on available spaces, site information, and leasing opportunities can be found at https://svnmiller.com/properties/?propertyId=westoceancity-lease.
If you are interested in leasing opportunities at Outlets Ocean City, exploring expansion in the West Ocean City market, or sharing ideas on future tenants, call 410-543-2440 or email john.mcclellan@svn.com, kelly.jeter@svn.com, or ryan.finnegan@svn.com.
SVN | Miller Commercial Real Estate is a regional firm specializing in commercial real estate, providing advisory, brokerage, consultation, leasing, and asset & property management services to clients in the Mid-Atlantic Region. (#SVNgivesback) The firm’s unique Shared Valued Network reflects its commitment to transparency, innovation, and inclusivity enabling collaboration with the entire commercial real estate industry for the benefit of clients and community.
SVN | Miller is an Accredited Management Organization® (AMO), boasting a team of dedicated professionals with market-leading knowledge and expertise including Certified Property Managers® (CPM®), Certified Commercial Investment Members (CCIM), and members of the Society of Industrial and Office Realtors (SIOR). SVN | Miller Commercial was ranked #9 out of 200+ international SVN® Offices in 2025. For information on how to make SVN | Miller Commercial Real Estate the key to your success, contact 410-543-2440 or visit our website www.SVNmiller.com.
