FCP and Westmoreland Sell Maryland Center for $24.1 Million

Lexington Park, Md. – FCP and Westmoreland acquired the property in 2010 and completed the development of the property.

Lexington Park, Md. – Federal Capital Partners and Westmoreland Partners have sold Lexington Village, a 160,000-square-foot, 96 percent leased retail center in Lexington Park, for $24.1 million. FCP and Westmoreland acquired the property in 2010 and completed the development of the property. Tenants include a Kohl’s department store and Dick’s Sporting Goods. PNC was the project’s construction lender. Ryan Wilner and Ryan Minnehan of KLB are the property’s leasing brokers.

 — Scott Reid