Finmarc Management, Inc., has acquired Riverview Plaza, a 185,275-square-foot regional shopping center in Frederick, MD, for $30 million. Anchored by TJ Maxx, Michaels, PetSmart, and Bob’s Discount Furniture and shadow-anchored by The Home Depot and Target, the center is 95% leased.  

This is Finmarc’s first retail center in Frederick, joining their existing Frederick Corporate Park. The acquisition aligns with Finmarc’s goal to acquire $250 million in real estate assets over the next 18 months. 

“Riverview Plaza is an institutional-quality regional shopping center with a proven track record of high occupancy, tenant retention and strong sales,” said Finmarc’s co-founder and principal David Fink. “During a time when other retail venues suffered during the pandemic, the center’s national tenant mix pushed sales to new heights and more than four million shoppers visited Riverview Plaza last year, marking another high.”