The Potomac Promenade, a shopping center located at 9812 Falls Rd., has sold for approximately $77.4 million, according to a report by Maryland Newsletters.
The shopping center is located at Falls Rd and River Rd, across from Potomac Place Shopping Center (anchored by Safeway) on one side and diagonal to Potomac Village Shopping Center (where Hunter’s Inn is located) on the other. Potomac Promenade is anchored by Giant and is home to several businesses, including Potomac Pizza, Wells Fargo, FireWok, Five Guys and more.
According to the report, the purchase was made by an affiliate of Carrollton Enterprises from a partnership headed by Sarofim Realty Advisors. “Carrollton would not speak to the details of the transaction, but deeds recorded in the Land Records show the acquisition was broken into four deeds, for the primary center, the commercial townhouses and the assignment of two ground leases.” The deal includes approximately 91,000 SF of retail and a small commercial townhouse complex. Rappaport will take over leasing, which was previously handled by CBRE.
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FEST OF SPRING Caribbean Wine Food & Music Festival
Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.
Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you’re an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.
