Frederick, Md. — Matan Cos. has sold The Shops at Westview South, a 21,138-square-foot retail center in Frederick, for $8.9 million. The property, which is located 44 miles north of Washington, D.C., was 90 percent leased at the time of the sale to tenants such as Dunkin’ Donuts, Sola Salon, Chaps BBQ, Dogtopia, Club Pilates and Monocacy River Dental. Matan Cos. delivered The Shops at Westview South in spring 2016 as part of the 100-acre Westview South development. The mixed-use project includes a planned 490 single-family homes, 100 of which …
Maryland
Brandywine, Md. — Velocis, in partnership with Katz Properties, has acquired Brandywine Crossing, a 230,925-square-foot retail center in Brandywine, 20 miles southeast of Washington, D.C. The name of the seller and sales price were not disclosed. Safeway anchors the open-air center, which is also home to tenants such as Marshalls, Target and Costco. Katz Properties will manage the center. The transaction marks Velocis’ fifth acquisition in the Washington, D.C., metro area since 2011.