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Washington DC & Mid-Atlantic  + Maryland  + Retail  |  September 12, 2023
Emily Fu
By: Emily Fu

Sandmar Properties Sells Edgewood Plaza for $10M 

Sandmar Properties has sold Edgewood Plaza in Edgewood, Maryland, for $10.35 million. The name of the buyer is not identified. 

Edgewood Plaza is a 76,000-square-foot grocery-anchored shopping center featuring tenants like Food Lion and Dollar General. At a 96% occupancy rate, Edgewood Plaza recently underwent capital improvement, including parking lot resurfacing, roof replacement, façade painting, and other upgrades, enhancing its overall appeal. 

The KLNB team, led by Chris Burnham, Andy Stape, and Vito Lupo, alongside Retail Investment Associate Jake Furnary, represented the seller in this transaction. 

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Inside The Story

Chris Burnham

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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