{"id":1004201159,"date":"2017-12-19T10:33:07","date_gmt":"2017-12-19T18:33:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004201159"},"modified":"2022-12-09T01:41:17","modified_gmt":"2022-12-09T09:41:17","slug":"dc-area-retail-asset-trades-for-21m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-asset-trades-for-21m\/","title":{"rendered":"DC-Area Retail Asset Trades for $21M"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004201163\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004201163\" data-attachment-id=\"1004201163\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-asset-trades-for-21m\/bbb\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb-e1513679622670.jpg\" data-orig-size=\"998,751\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1513683399&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bowie Town Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bowie Town Center, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb-e1513679622670.jpg?w=998\" class=\"wp-image-1004201163 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb-e1513679622670.jpg\" alt=\"Bowie Town Center, Md.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb-e1513679622670.jpg 998w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb-e1513679622670.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/bbb-e1513679622670.jpg?resize=768,578 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004201163\" class=\"wp-caption-text\">Bowie Town Center, Maryland<\/p><\/div>\n<p>Neuman Commercial Group LLC has arranged the sale of The Shoppes at Bowie Town Center, located on the eastern outskirts of Washington, D.C.,\u00a0for $21 million. Neuman&#8217;s Principal Gil Neuman represented the seller, Shoppes at Bowie Town Center LLC, and procured the buyer, J.A.R. New York RLT.\u00a0<\/p>\n<p>Located at 3811 Evergreen Parkway in Bowie, Md., the 104,000-square-foot property is a specialty retail extension of Bowie Town Center, a popular 578,000-square-foot open-air center across the street.<\/p>\n<h2>Diverse Tenants<\/h2>\n<p>The extension was developed in 2004 on a 10.5-acre\u00a0parcel and is 98 percent leased to 12 national and regional tenants including Five Below, Party City, Goodwill, Bank of America, A.C. Moore and Music &amp; Arts. The\u00a0neighboring Town Center tenants include Safeway, Macy\u2019s, Sears, Best Buy, Barnes &amp; Noble, Chipotle and Starbucks.<\/p>\n<p><em>\u201cWe congratulate the sellers on successfully harvesting their original development after further diligent value creation, and the buyers for acquiring a modern stabilized center in a dense and growing high-income demographic,\u201d<\/em> said Neuman, in prepared remarks.<\/p>\n<p>The suburban D.C.\u00a0retail market\u00a0will\u00a0expand with the ground-up addition of a new $44.5 million\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/new-retail-development-revealed-in-d-c-area\/\">grocery-anchored\u00a0shopping\u00a0center<\/a> located in Chantilly, Va., currently under development by Regency Centers Corp.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Located in Bowie, Md., The Shoppes at Bowie Town Center is an 104,000-square-foot extension of a popular open-air center across the street and was built in 2004.<\/p>\n","protected":false},"author":739,"featured_media":1004507439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,11,21742,21749,1615],"tags":[38640],"class_list":["post-1004201159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midatlantic","category-latest","category-retail","category-washington-dc","tag-gil-neuman"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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