HAGERSTOWN, MD—Sales of neighborhood shopping centers in the Washington DC region’s secondary submarkets have been proceeding at a nice clip – nice enough, in fact, for one broker to dub these sales a trend.

Recently, when the Greysteel Co.’s Mid-Atlantic retail investment sales team marketed the South End Shopping Center, a 146,000-square foot retail property here, it received multiple offers, says Managing Director Gil Neuman. The fact that a number of bidders were interested in a “circa-1962″ property, “substantiates a retail investment trend back into secondary markets.” The property, which was 83% occupied at the time, traded for $9 million to EH Scott LLC.

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