WASHINGTON, DC - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it secured $20 million in permanent financing for The Metropolitan Shops at Prince George’s Station located in Hyattsville, Maryland. Cassidy Turley’s John Campanella, Senior Managing Director, and Paul Spellman, Associate Vice President, arranged the bank loan on behalf of an affiliate of Westbrook Partners.
The Metropolitan Shops at Prince George’s Station is the retail gateway of a master planned, transit-oriented mixed use project totaling 160,623 square feet. Developed in 2007, it is located at 2900 Belcrest Center Drive adjacent to the Prince George’s Plaza Metro Station with visibility along East West Highway (Route 410). The retail center is anchored by national credit tenants and is proximate to the 1.1 million square foot Mall at Prince George’s, a Giant and Home Depot. The surrounding area is populated by nearly 542,500 people within five miles and includes an adjacent 206-unit luxury apartment complex.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,500 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals across the globe. Please visit www.cassidyturley.com for more information about Cassidy Turley.