First National Realty Partners Acquires Retail Asset In Brandywine, MD For $64M

A retail property located at 15802 Crain Highway in Brandywine, Md was recently sold for a total price of $64,000,000. The property spans a total area of 231,000 square feet, resulting in a price per square foot of $277. The sale took place on March 31, 2022.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $64,000,000
• Address: 15802 Crain Highway, Brandywine, Md
• Market: Brandywine, Md

The buyer in this transaction was First National Realty Partners, represented by Kurt Padavano. The seller of the property was Velocis & Katz Properties. The brokers involved in the deal were Jordan Lex and Daniel Naughton from JLL. Additionally, Seven Hills Realty Trust served as the lender for this transaction.