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Washington DC  + DC Metro  + Retail  | 

Silver Spring Retail Property Trades for $9M

Marcus & Millichap has arranged the sale of two junior boxes totaling 37,206 square feet in Silver Spring, MD. The property sold for $9 million.

The property was recently leased to an Aldi grocery store and retailer Five Below. The two junior boxes are located within the greater 220,253-square-foot Orchard Center on Cherry Hill Road. The Property is shadow-anchored by Target, Kohl’s, ShopRite and PetSmart.

Chris Burnham, Dean Zang and David Crotts of Marcus & Millichap represented the buyer, a Maryland-based family office, in the transaction. The seller was not disclosed.

Connect

Inside The Story

Marcus & Millichap’s Burnham

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Acquisition
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