{"id":1004653826,"date":"2023-03-30T06:27:12","date_gmt":"2023-03-30T14:27:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004653826"},"modified":"2023-03-30T06:27:14","modified_gmt":"2023-03-30T14:27:14","slug":"amcap-buys-dc-area-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amcap-buys-dc-area-retail-center\/","title":{"rendered":"AmCap Buys DC-Area Retail Center"},"content":{"rendered":"
\"First<\/a>

First Colony Center. Image courtesy of AmCap<\/em><\/p><\/div>\n

AmCap<\/strong> has acquired First Colony Center, a 98,179-square-foot retail asset in California, Md., in the Washington, D.C. area. The seller was ShopCore Properties<\/strong>, according to CommercialEdge data. The company\u00a0purchased the asset in a joint venture with Encore Enterprises<\/strong>, this being the partnership’s third acquisition. The transaction also marks the expansion of AmCap’s footprint in the D.C. area to five grocery-anchored centers.<\/p>\n

Completed in 2000, First Colony Center is anchored by Giant, Michaels and Advance Auto Parts, as well as shadow-anchored by Lowe’s, Target, Staples and BJ Wholesale Club. Other tenants include Bath & Body Works, Chick-fil-A, Burger King, SunTrust, Five Below and Bob Evans.<\/p>\n

The grocery-anchored center is located in St. Mary’s County, near the intersection of routes 4 and 235, at 45101 First Colony Way. As of 2021, First Colony Center served a population of 17,770 households with an average income of $110,036 within a 5-mile radius, according to KLNB, who handled leasing for the property.<\/p>\n

In October 2021, AmCap and Encore Enterprises purchased Liberty Square, a 107,431-square-foot, grocery-anchored<\/a> shopping center in Chicago\u2019s Wauconda suburb, for $18.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Giant anchors the 2000-completed Maryland property. <\/p>\n","protected":false},"author":3014,"featured_media":1004653827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21749,1615],"tags":[38589,35574,51753],"class_list":["post-1004653826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-retail","category-washington-dc","tag-encore-enterprises","tag-nai-klnb","tag-shopcore-properties"],"acf":[],"yoast_head":"\nAmCap Buys DC-Area Retail Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"AmCap has acquired a 98,179-square-foot shopping center in California, Md. 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