X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WALDORF, MD-Glendale, CA-based American Realty Advisors has acquired the currently 205,000-sf Waldorf Marketplace from developer Faison Enterprises. The property is being developed in phases. The second phase reached completion last year, and ultimately, the property will feature 440,000 sf of retail space.

According to Faison, the center is the first retail property to be developed in Waldorf within the last decade. The sale price was not disclosed and has not been made available through public record.

Situated on a 33-acre parcel at the intersection of Western Parkway and Berry Road, the seven-structure center presently features three anchors–Safeway, Office Depot and Petco–in addition to other national retailers such as AC Moore, Red Robin, Hollywood Video and Starbucks. “The addition of Waldorf Marketplace to the American Stable Value Fund is representative of our commitment to seeking superior investments with undiscovered growth potential,” says American Realty president and CEO Stanley Iezman.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.