First Colony Heart. Picture courtesy of AmCap
AmCap has acquired First Colony Heart, a 98,179-square-foot retail asset in California, Md., within the Washington, D.C. space. The vendor was ShopCore Properties, in response to CommercialEdge information. The corporate bought the asset in a three way partnership with Encore Enterprises, this being the partnership’s third acquisition. The transaction additionally marks the enlargement of AmCap’s footprint within the D.C. space to 5 grocery-anchored facilities.
Accomplished in 2000, First Colony Heart is anchored by Large, Michaels and Advance Auto Components, in addition to shadow-anchored by Lowe’s, Goal, Staples and BJ Wholesale Membership. Different tenants embody Tub & Physique Works, Chick-fil-A, Burger King, SunTrust, 5 Under and Bob Evans.
The grocery-anchored middle is situated in St. Mary’s County, close to the intersection of routes 4 and 235, at 45101 First Colony Means. As of 2021, First Colony Heart served a inhabitants of 17,770 households with a median earnings of $110,036 inside a 5-mile radius, in response to KLNB, who dealt with leasing for the property.
In October 2021, AmCap and Encore Enterprises bought Liberty Sq., a 107,431-square-foot, grocery-anchored procuring middle in Chicago’s Wauconda suburb, for $18.7 million.
