MetCap Advisors Investment Sales Team Completes Retail/Flex Portfolio Sale In Forestville, MD

3/20/17

Metropolis Capital Advisors is pleased to announce the sale of Forest Square and Parston Square Centers located at 7801‐7821 Parston Drive & 7808‐7842 Parston Drive, Forestville, MD, respectively, for $5.45 Million. MetCap’s Investment Sales team, led by Joe Friedman, Managing Director, and Kelly Lawrence, Senior Associate, represented the seller, 8square LLC, and procured the buyer, F&P, LLC.

At 91% leased, the portfolio consists of Forest Square, 16,524 square foot neighborhood retail center, and Parston Square, a 30,803 square foot flex/service retail center. The properties’ mix of C‐S‐C and I‐1 zoning offers a diverse mix of local and regional value tenants that have a loyal following in the community.

“This transaction is demonstrative of continued strong private investor appetite for income‐producing assets with upside and a steady flow of lender capital into mid‐market assets in the DC Metro region”

The MetCap Advisors’ Investment Sales team has four additional disposition assignments currently under contract or on the market including a medical office campus, small‐suite professional building and neighborhood retail centers in the Washington‐Baltimore markets. The team specializes in the sale of industrial/flex, neighborhood retail, and suburban office investment property in the Washington, D.C.‐Baltimore region.

ABOUT METROPOLIS CAPITAL ADVISORS

Metropolis Capital Advisors LLC is a real estate advisory firm specializing in financing and sales transaction services. The principals have successfully financed and/or sold over $8 Billion of commercial real estate. Please visit metcapadvisors.com for a complete description of commercial real estate services.