TWINBROOK, MD-Willco Cos. of Potomac, MD has acquired 12401Twinbrook Pkwy., a 50,000-square foot retail property located inthe Twinbrook neighborhood of Rockville, MD for $5.25 million. Theproperty is situated on a 2.4-acre site and is fully occupied bythe national retailer, Guitar Center, Inc. Willco purchased theproperty with two other local property owners: Fanaroff &Steppa and Don Hinton.

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Koob Veneman, who owned and operated Veneman Music Co. for over20 years until it was acquired by Guitar Center in 2000, sold theproperty.

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With this acquisition under its belt, the three partners havejointly accumulated approximately seven acres of contiguousproperties two blocks south of Rockville’s Twinbrook Metro Station,says Brian K. Mistysyn, manager of Acquisitions and Development ofWillco. "While the Guitar Center has the rights to occupy thebuilding for several years, we are looking down the road at thepotential redevelopment opportunities," he tells GlobeSt.com.

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It is far too soon to say for what use the properties would beredeveloped--for example, multifamily or office, Mistysyn adds."Either could be possibilities but it would depend on where themarket is at that point." There are a number of sites poised forredevelopment and adaptive re-use over the next decade atTwinbrook, he also notes, including JBG’s 2.2million-square-footTwinbrook Station mixed-use project.

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