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SILVER SPRING, MD-Hartford, CT-based real estate fund Hutensky Capital Partners has made two investments in DC retail over the past month. In July, it acquired City Place Mall, a 350,000-square-foot shopping center here for $22.8 million. More recently, it purchased a general partnership interest in Woodmore Towne Centre, a $200-million mixed-use development under construction in Glenarden, MD.

Now the company is working with the seller of City Place Mall to determine what its best use will be, principal Brad Hutensky tells GlobeSt.com. The firm acquired it from an affiliate of Petrie Ross Ventures in a three-party deal that included a discounted payoff of 100% of the property’s outstanding debt. An affiliate of the seller will manage and lease the property and lead the redevelopment process.

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