David Fink Of Finmarc Management Acquires Riverview Plaza In Frederick For $30M From Edens & J.P. Morgan Chase

The retail asset located at 5425 Urbana Pike in Frederick, MD, has a sale price of $30,000,000. The property encompasses 185,275 square feet and is currently 95 percent leased. The plaza is anchored by notable tenants such as TJ Maxx, Michaels, and PetSmart.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $30,000,000
• Square Footage: 185,275
• Price Per Square Foot: $162
• Buyer: David Fink - Finmarc Management
• Seller: Edens & J.P. Morgan Chase
• Brokers: Casey Benson Smith & Ryan Sciullo - CBRE

Finmarc Management is aiming to build a $250 million real estate portfolio by 2025 with the acquisition of Riverview Plaza. This investment reflects the company's strategic growth plans in the retail sector, supported by a strong occupancy rate at the property.