Washington DC + Maryland + Retail | July 31, 2023

Finmarc Management Sells 280K-SF Maryland Largo Town Center for $70M

Finmarc Management, a commercial real estate investment and management firm, has sold Largo Town Center, a 280,000-square-foot regional retail center in Prince George’s County, Maryland, for $70 million. The buyer is an investment group led by KPI Commercial, LLC.

Finmarc acquired the asset in 2019, executed multiple leases and implemented property enhancements during its ownership. The center was 80% leased and occupied at the time of the sale.

“The new owner has acquired a fully-leased and durable infill shopping center located in the direct path of continuing residential and commercial development activities, which reflects the long-term economic health and viability of this section of Prince George’s County,” said David Fink, Finmarc co-founder and principal.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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