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SPECTRUM PARTNERS ACQUIRES SHOPPING CENTERS IN VIRGINIA AND MARYLAND

GARRISONVILLE AND RICHMOND, VA.; MILLERSVILLE, MD. — Bethesda, Md.-based Spectrum Partners and Finmarc Management recently acquired a portfolio of seven shopping centers from Regency Centers for $108.1 million. Four centers are located in Virginia and Maryland. The 78,494-square-foot Glen Lea Centre and the 64,992-sqaure-foot Laburnum Park Shopping Center are located in Richmond. The 97,872-square-foot Brafferton Center is in Garrisonville, and the 98,016-sqaure-foot Northway Shopping Center is in Millersville. The acquisition was part of a joint venture with New York City-based Angelo, Gordon & Co. and Bethesda-based Potomac Capital Advisors. Spectrum represented itself in the transaction. Transwestern, CB Richard Ellis, Kelly, Drye & Warren and Duval & Stachenfeld were also involved in the transaction.

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