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Washington DC & Mid-Atlantic  + Baltimore  + Retail  |  July 18, 2024
Jasmine Kilman
By: Jasmine Kilman

Aggregate Real Estate Investors Buys MD Retail Center for $28M

Aggregate Real Estate Investors has purchased the Montrose Shopping Center retail plaza in Rockville, Maryland, from Rosenthal Properties for $28 million.

Aggregate Real Estate Investors, which Jacobsen formed after leaving Rosenthal Properties last year, partnered on the deal with Maisel Development, Farhat Cheema and Leo Choi, reported the Washington Business Journal. Jacobsen had most recently served as executive vice president and director of acquisitions for Rosenthal.

The seller was an affiliate of Rosenthal, which picked up the property for $20.5 million as part of a larger portfolio from Washington Real Estate Investment Trust in 2021. The sale to Aggregate came almost a year after Rosenthal sold its third-party property management and leasing platforms to The Shopping Center Group.

Photo: The Shopping Center Group

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Inside The Story

Aggregate Real Estate Investors LLCThe Shopping Center Group

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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