The Eastgate Shopping Center is anchored by a Giant Foods supermarket. The Eastgate Shopping Center is anchored by a Giant Foods supermarket.

LANHAM, MD—ShopOne Centers REIT has acquired the Eastgate Shopping Center here in a deal reportedly valued at approximately $28 million.

The New York City-based REIT’s deal for the 138,779 square-foot shopping center marks its entry into the DC retail market. Eastgate is anchored by a 56,526-square-foot Giant Food supermarket. The property also features a diverse mix of leading national, regional and local retailers including McDonald’s, KFC, Huddle House, Drake’s Place Salon World, SoBe Restaurant and Lounge, Ernie’s Crabhouse, PhysioCare, Curves, and Eastgate Liquors.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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