Posted on: 31/07/2013

31,300 square foot center in Silver Spring anchored by Trader Joe’s   

Four Corners, LLC, an affiliated entity of Finmarc Management, Inc. has sold The Shoppes of Burnt Mills, a 31,300 square foot neighborhood shopping center in Silver Spring, Maryland for $13.6 million. The new owner is Regency Centers, a national owner, operator and developer of grocery-anchored and community shopping centers.


Positioned at 10740 Colesville Road off Maryland Route 29, The Shoppes of Burnt Mills was 100% leased at the time of the transaction and anchored by Trader Joe’s. Other notable tenants include Starbucks Coffee, Chico’s and California Tortilla. The Center is located within minutes from the Washington Capital Beltway (Interstate 495).


“Our team successfully attracted a diverse mix of tenants that have consistently performed exceedingly well, with each carving out a loyal consumer following in the local marketplace,” explained Marc F. Solomon, Principal – Managing Director for Finmarc Management. “Regency Centers acquired an extremely strong asset with long-term leasing in place that serves stable residential communities in Montgomery County.”


“We have tremendous respect for Finmarc Management as a high-quality real estate development and management company,” said Devin Corini, Vice President, Investments for Regency Centers. “Finmarc is widely respected for creating first-class retail assets in the Washington, D.C. marketplace, which provides us great confidence in this purchase. This acquisition satisfied each important criteria that we utilize to evaluate assets including a strategic location, strong credit-worthy tenants and a merchant mix that responds to the retail and service needs of the local community.”


More than 430,000 consumers reside with a five-mile radius of The Shoppes of Burnt Mills, including more than 150,000 households with an average household income exceeding $109,000.


Finmarc Management, Inc. is a fully-integrated commercial real estate services company that focuses on the management, acquisition, leasing and development of retail centers, industrial and flex/warehouse projects, along with commercial office buildings throughout the Mid-Atlantic region. The firm presently manages a diverse portfolio encompassing more than five million square of commercial space situated in Maryland, Washington, D.C., Virginia, Delaware, New Jersey and Pennsylvania. For additional information, visit