480-Acre Master-Planned Community Gets Grocer: The D.C. Deal Sheet
The developer of a 480-acre master-planned community in Prince George’s County has landed a critical piece of the puzzle: a grocery store.
A Sprouts Farmers Market has signed a lease for the retail portion of Westphalia Town Center in Upper Marlboro, according to Walton Global, the project’s developer.
The store is slated to take up 23K SF of the 140K SF retail center within the community that is also planned to include neighborhoods, dining and other amenities.
“Securing Sprouts as our anchor tenant marks a major milestone for Westphalia Town Center,” Walton Global Executive Vice President Michael Slavotinek said in a release.
“This partnership advances our vision of delivering a dynamic, community-focused destination that supports long-term growth and connectivity for residents and the surrounding area.”
Sprouts is expected to open in the second half of 2028.
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Loudoun County is getting its second Whole Foods, the Washington Business Journal reports. The Amazon-owned supermarket is slated to open at the former Regency Furniture store at Kimco Realty’s 46300 Potomac Run Plaza, according to WBJ. It’s unclear if Whole Foods will take the entire 45K SF footprint previously occupied by Regency.
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White & Case is relocating from Metro Center to an office building across from the White House, a move that’s spawning a renovation of its new home. The firm will occupy 196K SF at Grosvenor’s 1701 Pennsylvania Ave. NW, the landlord and JLL, the firm's broker, announced this week. The renovation, the cost of which was not revealed, is set to include a new rooftop penthouse, lobby and common area improvements, and a new fitness facility. The firm plans to move in at the end of 2029.
JLL’s Bobby Blair and Greg McCavera represented White & Case, and Cushman & Wakefield’s John Skolnik and Michael Katcher represented Grosvenor.
FINANCING
The developers behind the residential redevelopment of the Ballston Holiday Inn have secured financing to start the first phase of construction. Hoffman & Associates, Snell Properties and Mitsui Fudosan America announced that they got a $195M loan from Mitsubishi UFJ Financial Group. The senior loan, brokered by Berkadia, kicks off construction for the multifamily phase: 420 units across a seven-story building. A separate for-sale component is also planned at the 4-acre site.
SALES
New York-based Crown Properties bought Monument III, a 193K SF office building in Herndon, for $28M, according to Newmark, which represented the seller. The seller, Santander Bank, foreclosed on the property in 2024, according to Fairfax County records. The property was previously owned by The Pinkard Group and Principal Real Estate Investors. With the sale, anchor tenant Serco extended its lease, taking 58K SF. The new owners plan to implement a “seven-figure” capital improvement program, which is expected to deliver in the third quarter.
Newmark’s Jud Ryan, James Cassidy and Grant Marley represented Santander. Newmark’s Joe Donato and Andrew Asbill secured the loan for Crown. Newmark will lease the property.
MILESTONES
D.C.-based architecture firm Torti Gallas + Partners has acquired Wiencek + Associates Architects + Planners, which is also based in D.C. The entire team from Wiencek is joining TG+P and the firm’s founder, Michael Wiencek, is coming on as an executive principal, TG+P announced. The acquisition is effective as of May 1. TG+P has been in operation for 75 years and Wiencek for 40.