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Neuman Commercial Arranges $18.2 Million Sale of Grocery-Anchored Shopping Center in Baltimore

by Alex Tostado

Baltimore — Neuman Commercial Group has arranged the $18.2 million sale of Alameda Marketplace, a 124,000-square-foot shopping center anchored by Shoppers Food in Baltimore. The asset was 90 percent leased at the time of the sale to 15 tenants including Walgreens, Family Dollar, Rent-A-Center, Planet Fitness, Fresenius Medical, Rainbow and Bank of America. Gil Neuman of Neuman Commercial represented the sellers, Atlantic Realty Co. and Walton Street Capital, in the transaction. The buyer was a private regional investment group. This is the second time that Neuman Commercial has represented the …

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Investment salesMarylandNewsRetailers

Matan Cos. Sells Retail Center in Frederick, Maryland, for $8.9 Million

by Alex Tostado

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 …

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Investment salesMarylandNews

Joint Venture Acquires 230,925-Square-Foot Brandywine Crossing Near D.C.

by Camren Skelton

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.

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