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First Washington Realty Buys DC-area Portfolio

WashREIT was the seller of the five grocery-anchored shopping centers.

Harris Teeter at Shoppes at Foxchase

BETHESDA MD—First Washington Realty has acquired a five-asset portfolio of grocery-anchored shopping centers around the Washington, DC region. WashREIT was the seller. Terms of the transaction were not announced.

The properties, which total 800,000 square feet, are Bradlee Shopping Center, Shoppes at Foxchase, Gateway Overlook, Olney Village Center and Wheaton Park Shopping Center. They are anchored by such tenants as Trader Joe’s, Giant Food, Harris Teeter, and TJX brands.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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