Washington Property Co. acquires $9.5 million Maryland shopping center

Bethesda, Md. -- Washington Property Company announced it has acquired Ballenger Creek Plaza, a 75,527-sq.-ft. center located in Frederick, Maryland, for $9.5 million.



“Washington Property Company is excited about expanding its retail portfolio with the acquisition of Ballenger Creek Center,” said WPC president Charles K. Nulsen, III. “We plan to renovate and reposition this neighborhood center in the growing submarket of southwestern Frederick.”



Ballenger Creek Plaza is 100% leased and is situated near the heavily traveled intersection of Routes I-70 and I-270.