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Thursday, Jun 8, 2023

American Realty Goes Shopping

Glendale-based American Realty Advisors has acquired Waldorf Marketplace, a 205,157-square-foot shopping center in a suburb of Washington D.C. The acquisition, for an undisclosed sum, is the latest of four purchases the institutional real estate investment firm has closed this year. In May, American Realty acquired Safari Business Center, a 1.14 million square foot industrial park in Ontario. Earlier in the year, American Realty purchased Yorkville Marketplace, a 93,654-square-foot grocery-anchored retail complex in Illinois, and a 355,000-square-foot office complex in Tysons Corner, Va.

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