Finmarc Management Sells Largo Town Center Retail Center In Upper Marlboro, MD For $70M

Finmarc Management, a commercial real estate investment and management firm, has completed the sale of Largo Town Center, a 280,000-square-foot retail center in Upper Marlboro, Maryland, for $70 million. The property, located at 950 Largo Center Dr, is situated in Upper Marlboro's market, offering a prime location for retail businesses. With a price per square footage (PPSF) of $250, this transaction represents a significant investment in the retail sector.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $70,000,000
• Address: 950 Largo Center Dr
• Market: Upper Marlboro, MD
• SF: 280,000
• PPSF: $250

The sale of Largo Town Center was facilitated by the seller, Finmarc Management, Inc. The company engaged Alex Alperstein and Arthur Benjamin from AdvisoRE LLC, as well as John Donnelly from John C. Donnelly, Inc, as their brokers in the deal. These individuals played a crucial role in ensuring a successful transaction, leveraging their expertise in the retail real estate market. Their combined efforts contributed to the seamless completion of the sale.