DC’s Smaller Retail Assets Continue Their Quiet Investment Sales Bonanza
ByIt’s always a full house at RealShare Philadelphia. The Union League, February 9.
WASHINGTON, DC—Besides Retail Properties of America’s $72.7 million acquisition of Merrifield II and Shoppes at Hagerstown and Federal Capital’s buyout of seven retail assets from its partner ING Clarion prior to its sale to Legg Mason, there have also been a few smaller retail acquisitions this month.
Bowie Plaza, a 104,037-square foot, Giant-anchored strip mall at 6824 Laurel-Bowie Rd., traded to a private investor/developer from Old Westbury, NY for $24.3 million. The seller was a JV between CalPERS, First Washington Realty and Regency Centers.
Two strip malls, one located at 4235 N Pershing Dr. in Arlington, VA and the other, Buckingham Center, located at 309 N Glebe Rd., were acquired by Arlington-based Paradigm Cos. for about $21 million from an affiliate of locally-based Jenco Group…
DC’s Smaller Retail Assets Continue Their Quiet Investment Sales Bonanza
