Maryland

Takoma Park, Md. — Cushman & Wakefield has brokered the sale of Takoma Langley Crossroads, a 125,245-square-foot, grocery-anchored shopping center in Takoma Park, roughly six miles north of Washington, D.C. Granite Canyon Partners purchased the grocery-anchored center for an undisclosed price. Cushman & Wakefield’s John Owendoff represented the unnamed seller in the transaction. The recently renovated shopping center was nearly fully leased at the time of sale to tenants including Aldi, Walgreens, Citibank, Taco Bell and 7-Eleven. Situated on nearly 10 acres at the intersection of University Boulevard and New Hampshire …

Dundalk, Md. — Continental Realty Corp. has sold Merritt Manor Shopping Center, an 88,332-square-foot, fitness-anchored retail center in Dundalk, about 9 miles from Baltimore. Abrams Development Group purchased the property for $11.9 million. Dean Zang and David Crotts of Marcus & Millichap represented CRC in the transaction. Merritt Manor was 96 percent leased at the time of sale to tenants including Gold’s Gym, Sherwin-Williams, Dollar General, Hair Cuttery, GNC, Chicken Rico and Leslie’s Swimming Pool Supplies. CRC completed renovations on the property, including upgrading the center’s exterior facade, enhancing all …

Glenarden, Md. — Urban Edge Properties has acquired Woodmore Towne Centre, a 712,000-square-foot grocery-anchored shopping center located on 83 acres in Glenarden, along with an adjacent 22-acre land parcel for $193.4 million. Funding for the acquisition included cash on-hand and a $117.2 million non-recourse first mortgage loan. The financing features a 10-year term and is interest-only for the entire loan term. Woodmore Towne Center is situated nine miles from the center of Washington, D.C., off the Capital Beltway. The property was 97 percent leased at the time of sale to …