Washington DC CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Northpath Buys 160K-SF MD Retail Center
Northpath Investments has acquired MetroShops, a 160,623-square-foot retail center in Hyattsville, MD. The acquisition included a fixed-rate loan from Loews Corporation. Built in 2007, MetroShops features tenants like Bob’s Discount Furniture, Staples, LA Fitness, Citibank, and Dunkin Donuts.
The sale of the center was facilitated by Cushman & Wakefield’s team led by John Owendoff and Mark Gilbert. The JLL Capital Markets Debt Advisory team of Michael Klein & Brian Buglione, Max Custer, and Benjamin Morgenthal arranged the financing via Loews Corporation.
Located at 2900 Belcrest Center Drive, the property is adjacent to the Hyattsville Metro Station with access to downtown D.C. in under 30 minutes.
- ◦Sale/Acquisition
