Retail Properties Continues Push in DC/Baltimore

WASHINGTON, DC—The REIT's CEO Steve Grimes announced yet another local acquisition in its earnings call, a strip mall in Tysons that a source tells us traded for $31.7 million.

By Erika Morphy | Updated on February 20, 2015

WASHINGTON, DC—Retail Properties of America announced another trio of acquisitions in its earnings call this week, with one of the properties a strip mall in Tysons, VA.

In addition, the Oakbrook, IL-based REIT announced development plans for the Baltimore area. These moves follow a handful of acquisitions the REIT has made recently in the area, including the commercial core of the 180-acre Crown community in Gaithersburg, MD for $163 million and in Virginia, the Merrifield Town Center and Fort Evans Plaza II, which traded off-market for $121.5 million.

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