Falls Church, Va. and Hagerstown, Md. — Retail Properties of America Inc. (RPAI) has acquired a two-property portfolio of shopping centers in the Baltimore-Washington, D.C. corridor for a combined purchase price of $72.7 million.
Gaithersburg, Md. — Elion Partners has completed a major capital improvement program for Goshen Plaza, a 45,654-square-foot shopping center in Gaithersburg.
Forest Hill, Md. — HFF has arranged the sale of Bel Air North Village, a 56,644-square-foot CVS/pharmacy and community bank-anchored retail center located in the Baltimore suburb of Forest Hill.
Silver Spring, Md. — H&R Retail has arranged a 42,000-square-foot lease transaction with Dave & Buster’s at Ellsworth Place in downtown Silver Spring, roughly six miles north of Washington, D.C.
Towson, Md. — Retail Properties of America Inc. (RPAI), a shopping center REIT, has purchased Towson Square, a 138,000-square-foot, entertainment-based retail center anchored by a newly constructed Cinemark Theatre in Towson, roughly 12 miles north of Baltimore.
Owings Mills, Md. — Greenberg Gibbons and Vanguard have begun construction on a 110,000-square-foot Wegmans grocery store at Foundry Row, a $140 million mixed-use development in Baltimore County.
Cockeysville, Md. — Marcus & Millichap has arranged the sale of Church Lane Shopping Center and GJK Plaza, a 97,308-square-foot neighborhood shopping center located in Cockeysville.
Baltimore — Baltimore-based DDG has named Tony Van Vliet as president and CEO after the passing of former CEO Ahsin Rasheed.
Frederick, Md. — Washington Property Co. (WPC) has acquired Ballenger Creek Plaza, a 75,527-square-foot shopping center located in Frederick, for $9.5 million.
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.