Glenarden, Md. Hutensky Capital Partners said it has purchased a general partnership interest in Woodmore Towne Centre, a $200-million mixed-use development under construction in the Washington, D.C., suburb of Glenarden, Md.
The Woodmore project features approximately 750,000 sq. ft. of retail space that is 69% pre-leased including anchors Costco, Wegman's, J.C. Penney and Best Buy.
Phase I will open this fall with a second phase opening in spring 2011. The project also includes fully entitled land for approximately 1 million sq. ft. of office space, over 1,000 residential units, as well as two hospitality outparcels.
Hartford, Conn.-based Hutensky Capital Partners will share general partnership duties with an affiliate of Petrie Ross Ventures who will lead the development and leasing effort. An affiliate of Prudential Insurance Co. continues as a major investor in the project.