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First Washington Realty acquires 5 shopping centers in D.C. area

Harris Teeter at Shoppes at Foxchase, which has been purchased by First Washington Realty. (Submitted Photo)

Harris Teeter at Shoppes at Foxchase, which has been purchased by First Washington Realty. (Submitted Photo)

Bethesda-based First Washington Realty, Inc. announced the acquisition of five properties in the Washington, D.C., metro area. The terms of the transaction was not disclosed.

The purchase includes Bradlee Shopping Center, Shoppes at Foxchase, Gateway Overlook, Olney Village Center and Wheaton Park Shopping Center.

Together, these grocery-anchored centers contain approximately 800,000 square feet of gross leasable area, making the portfolio acquisition one of the most significant open air retail transactions of the year, the company said.

The portfolio features leading national and regional merchants, which are staples of their respective communities, including anchor tenants such as Trader Joe’s, Giant Food, Harris Teeter, and TJX brands.

FWR currently owns 102 shopping centers with a value of over $5.4 billion in 22 states and the District of Columbia.


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