Urban Edge Properties Acquires Retail Property In Glenarden, MD For $193.4M

Located at 2250 Petrie Ln in Glenarden, MD, this retail property spans over 22 acres. The transaction was completed on January 3, 2022, with Heritage Partners selling the property to Urban Edge Properties represented by Jeff Olson. The sale price for this 712,000 square foot asset was $193,400,000, resulting in a price per square foot of $272.

Summary of Transaction Details:

• Property Type: Retail
• Transaction Amount: $193,400,000
• Address: 2250 Petrie Ln, Glenarden, MD
• Market: Glenarden, MD
• Acres: 22

Jeff Olson from Urban Edge Properties represented the buyer, while Heritage Partners acted as the seller in this transaction.