CBRE Represents Seller Camp Springs Allentown LLC in Pad Sale for New Prince George’s County Mixed Use Development
06 Jul 2020
The new Andrews Park Town Center mixed-use destination will include a grocery store, townhomes, gas station convenience store and strip retail
Camp Springs, Md. – July 6, 2020 – CBRE announced the sale of a 3.4907-acre pad site by Camp Springs Allentown LLC to LIDL U.S. Operations, LLC. The site is located along Allentown Rd in Camp Springs, Maryland in Prince George’s County. The transaction officially closed on June 30, 2020.
LIDL plans to erect a 25,000-square-foot grocery store as part of the mixed-use development known as Andrews Park Town Center. The development will include the LIDL supermarket, a 14,000-square-foot strip retail center, townhomes and retail fuel and convenient store.
“We are pleased to have developed this site and added a solid supermarket retailer, and other retailers, for the benefit of the citizens of Camp Springs, Suitland and Prince Georges County,” said Brandon Bellamy, CEO of Velocity Companies the Developer and Manager of Camp Springs Allentown, LLC. “We remain committed to making a positive impact in the communities that we serve and develop.”
CBRE Associate Roger Gerst represented Camp Springs Allentown LLC in the transaction.
“CBRE is pleased to be a part of a transaction that is helping to bring to life this welcomed retail destination in Prince George’s County,” said CBRE Senior Managing Director and Retail Leader Katie Mahon.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.