La Plata, Md. — Marcus & Millichap has arranged the $13.5 million sale of a retail portfolio located in La Plata, approximately 30 miles southeast of Washington, D.C. The sale comprised three newly constructed retail buildings situated within the Rosewick Corner mixed-use development, including a freestanding Aldi grocery store, a 7-Eleven convenience store and fueling station, as well as a 7,000-square-foot retail strip center.
Dean Zang and David Crotts of Marcus & Millichap’s Washington, D.C. office marketed the properties on behalf of the seller, Generation Properties LLC, and another local developer. Zang and Crotts also secured and represented the buyer of the retail strip center, while Robert Narchi, Tyler Bindi and Jason Fefer of Marcus & Millichap’s Los Angeles office represented the Aldi purchaser, and Encore Real Estate Investment Services secured the 7-Eleven buyer.