Marcus & Millichap completed the sale of Rosewick Corner, a $13.5 million retail portfolio in La Plata, Maryland.

The sale included three newly constructed retail buildings within the Rosewick Corner mixed-use development. The properties include a freestanding Aldi grocery store, a 7-Eleven convenience store and fueling station, and a 7,000-square-foot retail strip center with University of Maryland Medical System and others.

Dean Zang and David Crotts, investment specialists in Marcus & Millichap’s Washington, D.C. office, exclusively marketed the properties on behalf of the seller, Generation Properties LLC, and another local developer. The team secured and represented the buyer of the retail strip center, while Robert Narchi, Tyler Bindi, and Jason Fefer of Marcus & Millichap’s Los Angeles office represented the Aldi purchaser, and Encore Real Estate Investment Services secured the 7-Eleven buyer.

The transaction is within the larger Rosewick Corner mixed-use project, which includes a 193-unit multifamily community, and is effectively shadow-anchored by Lowe’s and Giant immediately across Route 301.