185,656 Power Center in Frederick, MD featuring Target and Home Depot shadow anchors
HFF has been retained on an exclusive basis to offer qualified investors the opportunity to acquire Riverview Plaza, a 185,656 square foot destination community center located in the Washington DC Metropolitan Area. Featuring shadow anchors Target and Home Depot and located along Frederick’s dominant retail node, Riverview Plaza’s tenancy and location has led to a recent wave of new leases and tenant renewals. Since Q1 2019, new-to-market retailers Sierra Trading Post and Old Navy have opened their doors at the Property, bolstering leased occupancy by 33,929 square feet or 18% of gross leasable area. In addition to the recent leasing success, Riverview Plaza has also experienced a wave of tenant renewals. Over the past 18 months, four of the Property’s tenant’s comprising 48% of gross leasable area have exercised their extension options. Riverview Plaza represents a compelling opportunity to acquire a proven, cash-flowing asset with an unmatched record of tenant demand and retention in the Washington DC – Baltimore MSA.