Posted on: 15/05/2014

Neighborhood center in Olney anchored by Roots Market grocery store

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of the Silo Inn Shopping Center, a 28,072 square foot neighborhood retail center in the Olney section of Montgomery County, Maryland for $17.42 million. Taylor Georgia, LLC, a real estate investment company headquartered in Ellicott City, Maryland, was the buyer.


The 100% leased shopping center, located at 16800 Georgia Avenue, was developed by Finmarc in 2006 and anchored by Roots Market, an independent local natural foods grocery store. The remaining five tenants include Wachovia Bank, Starbucks Coffee, a pet supply store, hair and salon and a boutique restaurant located within a historic free-standing building. Silo Inn Shopping Center fronts Georgia Avenue (MD Route 97), which features daily traffic counts exceeding 45,000 vehicles on a daily basis.


“Taylor Georgia, LLC acquired a highly-visible and excellently-maintained neighborhood shopping center with an extremely stable tenant roster that offers necessity-based products and services to the local community,” explained Marc F. Solomon, Principal of Finmarc. “Roots Market has proven to be a strong destination grocer based on its selection of gourmet and organic food products that sets it apart from traditional grocery store brands. Each of the tenants has developed a strong and loyal consumer following.”


With the sale of this asset, over the last 22 months Finmarc, along with its partners, has acquired or disposed of more than $367 million worth of properties.


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