ALEXANDRIA, VA–Finmarc Management has sold South Valley Plaza, an 18,556 square foot retail center located at 7611 Richmond Highway here for $5.72 million. Mount Pleasant Properties LLC was the buyer. Matt Skalet of KLNB Retail represented Finmarc Management and Jeff Gelberman of NREB Real Estate represented the buyer. South Valley Plaza was constructed in 1989 and has seven tenants including Dunkin' Donuts and Pizza Hut.

GLEN BURNIE, MD–Broad Street Realty has acquired Cromwell Field Shopping Center, a 233,486 square foot shopping center located here. Cromwell Field Shopping Center is 88% leased, including anchor tenants Giant, Roses, Dollar General and House of Tropicals. Financing was provided Blue Vista LLC. This is Broad Street's 5th center in Maryland and the 3rd acquisition within the past month.

BALTIMORE, MD–Nordstrom plans today to open a Nordstrom Rack within The Shops at Canton Crossing, a 325,000 square foot retail shopping center here located on 3501 Boston Street. The approximately 32,500 square foot store, which will be part of the Phase II section of the center that delivered in fall 2013, is scheduled to open its doors in fall 2018. This will be the sixth Nordstrom Rack in Maryland and first in Baltimore City.

NEWS & NOTABLES

CHEVY CHASE, MD–The JBG Cos. has appointed Steven Museles EVP and General Counsel. Most recently, Museles was the EVP, General Counsel and Chief Compliance Officer with Alliance Partners LLC. Prior to that, he worked for 14 years with CapitalSource.

DEAL TRACKER

WASHINGTON, DC–Amtrak is moving is US headquarters out of Union Station to One Massachusetts Avenue, NW, better known to some as the National Guard Memorial Building. Savills Studley's Bill Quinby, Tim Foley, David Cornbrooks and David Simmons helped arranged an 11-year, 85,000 square-foot lease, which begins in the fall of 2017. Amtrak will be taking space on the 3rd, 4th, 5th and 6th floors.

ALEXANDRIA, VA–Finmarc Management has sold South Valley Plaza, an 18,556 square foot retail center located at 7611 Richmond Highway here for $5.72 million. Mount Pleasant Properties LLC was the buyer. Matt Skalet of KLNB Retail represented Finmarc Management and Jeff Gelberman of NREB Real Estate represented the buyer. South Valley Plaza was constructed in 1989 and has seven tenants including Dunkin' Donuts and Pizza Hut.

GLEN BURNIE, MD–Broad Street Realty has acquired Cromwell Field Shopping Center, a 233,486 square foot shopping center located here. Cromwell Field Shopping Center is 88% leased, including anchor tenants Giant, Roses, Dollar General and House of Tropicals. Financing was provided Blue Vista LLC. This is Broad Street's 5th center in Maryland and the 3rd acquisition within the past month.

BALTIMORE, MD–Nordstrom plans today to open a Nordstrom Rack within The Shops at Canton Crossing, a 325,000 square foot retail shopping center here located on 3501 Boston Street. The approximately 32,500 square foot store, which will be part of the Phase II section of the center that delivered in fall 2013, is scheduled to open its doors in fall 2018. This will be the sixth Nordstrom Rack in Maryland and first in Baltimore City.