Westphalia Developer Sells 58-Acre Piece Of Prince George's County Site

Westphalia Town Center
A Rendering Of Westphalia Town Center.

A portion of the massive Prince George's County development where Amazon last year backed out of a plan to build a fulfillment center has just traded hands.

Walton Westphalia Development Corp. announced Thursday it sold Phase 1A, a 58-acre piece of the Westphalia development that is planned for residential, to Galaxy NC LLC for $14.2M.

The buyer is an affiliate of Virginia Beach-based homebuilder LM Sandler & Sons Inc., the Washington Business Journal reports. The Phase 1A property has previously been planned for 655 units, but LM Sandler & Sons has yet to confirm its plans.

The property is a separate portion of the site from the 79-acre piece of land where Amazon had planned a fulfillment center. That project was approved in July, but the tech giant backed out of its plans following vocal opposition from nearby residents who want retail rather than warehouses on the site.

Westphalia is home to hundreds of residents in its single-family houses and townhouses, and the centerpiece of the development is the planned Westphalia Town Center retail project. The latest sale will help put the developer pay down its debt and put it on better financing footing to move the retail project forward, the Business Journal reported.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

Georgetown Waterfront Office-To-Condo Conversion Lands Financing

Westfield Montgomery Pays Off $350M Loan As New Retailers Expand In Mall

Tishman Misses Payment Deadline On $450M International Square Loan

Real Estate Firm Debuts With $126M Purchase Of Historic D.C. Building

Surging Costs Force Alexandria Developers To Shift Plans

National Park Service Considers Transferring Yosemite Land To Developer

Buyer Of BXP's Sumner Square Revealed: The D.C. Deal Sheet

Meridian Group-Led Venture Pays $67M For 5 Virginia Office Buildings

Developer Sues JLL For $12M, Claiming It Fudged Numbers On D.C. Project

Jemals Sell Georgetown Building To Developer Planning Conversion

D.C.'s Office Market Is Getting A Makeover