WASHINGTON, DC-Excel Trust Inc., a San Diego-based realty investment trust, has purchased two strip malls in suburban Maryland for $70 million from Faison Asset Management, a Charlotte, N.C.-based firm.
As per the deal closed on October 1, the realty investment trust has acquired Brandywine Crossing, a shopping center measuring 197,884 square feet situated in Brandywine in Prince George's County, and Rosewick Crossing, a 116,008-square-foot center situated in La Plata in Charles County. For the full story, go to Washington Business Journal.
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