Northpath Investments Finalizes MetroShops Acquisition in Hyattsville, Maryland [Yahoo! Finance]
Loews Corporation (L)
Last loews corporation earnings: 2/10 06:00 am
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Source: Yahoo! Finance
prominent 160,623-square-foot retail center located in the Washington, D.C. suburb of Hyattsville, Maryland. In conjunction with the acquisition, Northpath was able to secure a favorable fixed rate loan through Loews Corporation. Built in 2007, MetroShops boasts a diverse tenant mix featuring nationally and regionally recognized brands such as Bob's Discount Furniture, Staples, LA Fitness, Citibank, and Dunkin Donuts. The center strategically benefits from cross-shopping synergies with the one-million square foot Mall at Prince George's directly across Highway 410. Located at 2900 Belcrest Center Drive, the property is adjacent to the Hyattsville Metro Station which serves approximately 5,100 passengers daily with swift access to downtown D.C. in under 30 minutes. Additionally, the center boasts convenient access to Highway 410, attracting 48,000 vehicles per day. Within a three-mile radius, the center serves a population of 232,150 people and within a one-mile radius there are ov
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