INVESTORS BUY 390,000-SQUARE-FOOT RETAIL CENTER

GAMBRILLS, MD. — Chevy Chase, Md.-based JBG Rosenfeld Retail, JBG's funds VI and VII, and Bethesda, Md.-based Buvermo Investments have purchased the 390,000-square-foot Village at Waugh Chapel from clients advised by Prudential Real Estate Investors for an undisclosed amount. The property, located at the intersection of Crain Highway and Waugh Chapel Road, is 96 percent leased. Tenants include Safeway, L.A. Fitness, Rite Aid, Applebee's and Cold Stone Creamery. Bill Kent and Gary Lawrence of CB Richard Ellis represented the sellers. Northwestern Mutual Life Insurance Co. provided financing for the purchase.