X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ACOKEEK, MD-In a 25-year leasing arrangement for a 55,800-sf space, Giant Food has committed to become the anchor tenant for commercial real estate company Manekin LLC’s new 150,000-sf Manokeek Village Center, which is currently being built at Indian Head Highway and Berry Road. Giant expects to open its doors in the spring of next year.

“This is the first lease for the shopping center,” Manekin spokesperson Caryn Sagal tells GlobeSt.com. “There will be the grocery store and the rest of the space will be in-line retail.” The new store is expected to bring 100 new jobs to the Prince George’s County town, which is located at the gateway to Charles County and Waldorf, MD.

In a statement on the deal, Manekin senior vice president Alton D. Fryer says Giant’s “commitment to this key location, combined with other service-oriented tenants in the center and Manekin’s extensive experience in developing neighborhood centers should ensure the success of the project.” The financial terms of the deal are not being disclosed and Phil Ruxton of NAI KLNB Inc., which is handling leasing activity for the property, tells GlobeSt.com that his company is not yet comfortable discussing the range of prices per-sf being charged for space in the new center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.