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Federal Realty Buys Maryland Retail Plaza for $187M

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Federal Realty Buys Maryland Retail Plaza for 7M


One of the nation’s oldest real estate investment trusts has acquired an open-air retail plaza in eastern Maryland, the latest firm to snag a substantial property amid the retail’s resurgence. 

North Bethesda, Md.-based Federal Realty Investment Trust, founded in 1962, has paid $187 million for the retail portion of the mixed-use Annapolis Town Center, a 480,000-square-foot shopping center in Annapolis. PGIM Real Estate sold the complex, which is anchored by Whole Foods alongside fellow tenants such as Anthropologie, Sephora, Restoration Hardware, and Williams Sonoma.

SEE ALSO: SL Green Buying Blackstone’s Park Avenue Tower for $730M: Sources

“This is exactly the kind of opportunity we target: a dominant asset with strong fundamentals, competitive positioning, and the potential to unlock further value under our ownership,” Don Wood, Federal Realty president and CEO, said in a statement. 

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Federal Realty’s new property is just a portion of the 2 million-square-foot Annapolis Town Center, developed in 2008 at 1906 Towne Centre Boulevard by Greenberg Gibbons. PGIM acquired the mixed-use complex in 2018, though earlier this year it opted to sell the property’s multifamily component — two buildings totaling more than 400 units — to Peterson Companies for $160 million.

Federal Realty joins other investment firms acquiring Maryland malls in the past 12 months, though under widely varying circumstances. 

In November, Spinoso Real Estate Group paid $190 million for the 1.2 million-square-foot White Marsh Mall near Baltimore. Spinoso had been the mall’s court-appointed receiver for about a year at the time, owing to financial distress from former owner Brookfield

European mall giant Unibail-Rodamco-Westfield (URW) meanwhile has faced its own distress with Westfield Wheaton, a 1.7 million-square-foot plaza on the northern outskirts of Washington, D.C. The mall was transferred to special servicing in April after URW failed to meet its March debt maturity, and the company has reportedly opted to sell following a meager $166 million appraisal in August, Bisnow reported at the time

Nick Trombola can be reached at ntrombola@commercialobserver.com.

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SUN: Dozens of vehicles moved to planned Maryland ICE facility; advocates concerned

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SUN: Dozens of vehicles moved to planned Maryland ICE facility; advocates concerned


Advocacy groups are raising concerns over a warehouse in Washington County that is slated to become an Immigration and Customs Enforcement processing facility after dozens of black SUVs were moved to the warehouse’s parking lot on Sunday.

“When federal enforcement vehicles begin lining the warehouse lot, it sends a clear message about what’s taking shape in our community,” said the organizer of Hagerstown Rapid Response, Claire Connor. “We refuse to let ICE quietly plant roots in Washington County without transparency, accountability and community consent.”

The 825,620-square-foot warehouse is located at 16220 Wright Road in Williamsport. Access to the facility was blocked by orange traffic barriers and signs outlining regulations and “governing conduct on federal property” with the Department of Homeland Security emblem at the top of the page.

In late January, Washington County issued a news release stating that on Jan. 14, the U.S. Department of Homeland Security sent a letter to the county’s historic district commission and department of planning and zoning regarding the property.

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Howard County police investigate fatal officer-involved shooting in Columbia

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Howard County police investigate fatal officer-involved shooting in Columbia


An adult man was killed in a police-involved shooting in Columbia early Sunday, prompting an investigation by the Maryland Attorney General’s Independent Investigations Division.

Howard County police said officers were called on March 1, at about 12:09 a.m., to an apartment building in the 6400 block of Freetown Road for a report that involved an adult male threatening to harm himself.

According to police, at about 12:22 a.m., officers encountered the man outside the building. The man approached officers while holding a knife and ignored commands to drop the weapon, police said. Officers then shot the man.

ALSO READ | Gas leak explosion, fire in Prince George’s County leaves 1 injured

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Officers attempted life-saving measures, but the man was pronounced dead at the scene. Officersrecovered a knife near the man.

No officers were injured, and the officers were equipped with body-worn cameras.

The Independent Investigations Division is investigating.

Anyone with information about this incident, including cell phone or private surveillance video, is asked to contact the IID at (410) 576–7070 or by email atIID@oag.maryland.gov.

The IID willgenerally releasethe name of the decedent and any involved officers within two business days of the incident, although that period may be extended, if necessary,pursuant toIID protocol.

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TheIID willgenerally releasebody-worn camera footage within 20 business days of an incident. There may be situations where more than 20 days is necessary, including if investigators need more time to complete witness interviews, if there are technical delays caused by the need to shield the identities of civilian witnesses, or to allow family members to view the video before it is released to the public.



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AM showers Sunday in Maryland

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AM showers Sunday in Maryland




AM showers Sunday in Maryland – CBS Baltimore

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Greg Padgett has your Saturday evening forecast | 2/28/2026

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