ROCKVILLE, MD—B.F. Saul has acquired a 6.7-acresite at 1592 Rockville Pike near the TwinbrookMetro for $62.5 million.
The Bethesda, MD-based firm, which has been stockpilingdevelopment sites in the Rockville Pike area of late, purchased theproperty that now features a nearly 100,000-square-foot stripshopping center from Northwestern Mutual and theAlbemarle Group.
The venture of Northwestern and the Albemarle Group securedcounty approvals to develop a 1.1-million square-foot mixed-usedevelopment at the property, according to the Washington BusinessJournal.
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