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Brandywine, Md. — Calkain Cos. has arranged the sale of two ground lease properties, a Cheddar’s Casual Café and McDonald’s, both located at Brandywine Crossing Shopping Center in Brandywine.
A California-based 1031 exchange investor acquired the Cheddar’s ground lease for $2 million. A Northern Virginia-based family investment group acquired the McDonald’s ground lease separately for $2 million. Andrew Fallon of Calkain brokered both transactions.