Silver Spring, Md. — GBT Realty Corp., in partnership with Equity Resource Investments and Avante Financial Group, has acquired Ellsworth Place, a five-story retail and entertainment center in Silver Spring, for $92 million.
Relay, Md. — Guinness will open a new U.S. brewery in Relay, 10 miles south of Baltimore, on Friday, Aug. 3.
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.
Towson, Md. — Greenberg Gibbons has kicked off construction of the $350 million Towson Row mixed-use project in downtown Towson, about 10 miles north of Baltimore.
Silver Spring, Md. — Phillips Realty Capital has arranged $22.5 million in permanent financing for WesTech Corner, a 41,262-square-foot shopping center in Silver Spring, six miles north of Washington, D.C.
Owings Mills, Md. — Kimco Realty Corp. has signed five new tenants to Mill Station, a $108 million open-air retail development in Owings Mills, located 20 miles northwest of Baltimore.
Silver Spring, Md. — Marcus & Millichap has arranged the $10.4 million sale of a 44,600-square-foot Safeway store in Silver Spring, located six miles north of Washington, D.C.
Hagerstown, Md. — PREIT has signed two experiential retail tenants to Valley Mall in Hagerstown, a city in northern Maryland.
Bowie, Md. — Neuman Commercial Group LLC has arranged the $21 million sale of The Shoppes at Bowie Town Center, a 104,000-square-foot retail center in Bowie, a suburb 18 miles east of Washington, D.C.
North East, Md. — Klein Enterprises has acquired North East Station Shopping Center, an 87,006-square-foot retail center in North East, a town in northeast Maryland situated between Baltimore and Philadelphia, for $11.6 million.