Community Realty Company And Nile Equity Group Acquire Bowie Town Center Retail For $50 Million
15606 Emerald Way
$50,000,000
$170/SF
Building Size
293,000 SF
Asset Type
Retail
Closing
Feb 5, 2026
AI
The property asset involved in this transaction is a retail space located at 15606 Emerald Way, Bowie, MD. The sale occurred on February 5, 2026, with a total transaction amount of $50,000,000. The property encompasses a square footage of 293,000 and has a price per square foot of $171.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $50,000,000
- Address: 15606 Emerald Way
- Market: Bowie, MD
- Square Footage: 293,000
- Price Per Square Foot: $171
- Buyer: Community Realty Company, Nile Equity Group
- Broker Representatives: Adam Bieber, Alec Jenkins, Nicholas Kazma & Nicholas Kazma - Bellwether Enterprise (BWE)
The deal features Community Realty Company and Nile Equity Group acquiring the Bowie Town Center in Maryland, supported by financing structured by Bellwether Enterprise, which offers a diverse mix of retail, dining, and service spaces.
Players
Bowie Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93