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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  November 17, 2020
David Cohen
By: David Cohen

KLNB Brokers $5M Sale of Retail Center in Prince George County

Mid-Atlantic commercial real estate brokerage firm KLNB has arranged the $5.1 million sale of Livingston Square Shopping Center, an 11-acre retail center in Maryland’s Prince George County.

The center, which is currently anchored by a Giant Foods supermarket, is slated to be redeveloped. Plans for the redevelopment include a newly constructed 43,000-square-foot Giant Food grocery store, drive-thru pad restaurant locations for McDonald’s, KFC and Taco Bell, as well as 20,100 square feet of newly constructed retail space in two buildings. The redeveloped Giant Food will provide a variety of new selections and services including more organic produce and a new and larger Natural Food department as well as a full-service pharmacy.

Andy Stape and Vito Lupo of KLNB represented the seller, Washington Oxon Hill LLC, in the transaction. The buyer was Fort Washington Livingston LLC.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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