Finmarc Management Purchases Riverview Plaza Shopping Center in Frederick, Maryland for $30 Million

Frederick, Md. — Finmarc Management Inc. has purchased Riverview Plaza, a 185,275-square-foot shopping center in Frederick, for $30 million. Ryan Sciullo and H. Casey Benson Smith of CBRE represented the seller, a joint venture between Edens and JPMorgan Chase & Co., in the transaction.

Built in 1998 on 23 acres, Riverview Plaza is located approximately 40 miles outside Washington, D.C. The shopping center was 95 percent leased at the time of sale to 10 retailers, including T.J. Maxx, PetSmart, Michaels, Staples, Sierra and Old Navy.