Institutional Property Advisors brokers shopping center sale in Capitol Heights, MD

CAPITOL HEIGHTS, MD — Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Coral Hills, an 85,514 s/f shopping center in Capitol Heights.

David Crotts and Dean Zang of IPA represented the seller, a national investment management company, and procured the buyer. Jared Cassidy, senior director in MMCC’s Washington, DC office, secured the financing on behalf of the buyer through an international bank.

Constructed in 1988 on over six acres, the Coral Hills shopping center serves surrounding residential neighborhoods and the broader Prince George’s County trade area. The center is home to a mix of national retailers, medical and professional service providers, and casual dining concepts. Its prominent location along Marlboro Pk., a highly trafficked commercial corridor, provides convenient access and strong visibility within the greater Washington, DC metropolitan area.