We are pleased to announce the acquisitions of Brandywine Crossing. Situated on 30.04 acres at 15802 Crain Highway.,Brandywine Crossing is anchored by a nearly 60,000-square-foot Safeway market. A tenant at the center since 2008, Safeway is a subsidiary of Albertson’s, the second largest supermarket chain in North America. Safeway operates a branded fuel center at the site, furthering its commitment to the center and facilitating increased traffic to benefit its co-tenants. Brandywine Crossing also features Marshalls, Joann, Advance Auto Parts, Starbucks, Suntrust Bank, Wells Fargo, Panda Express, Bonefish Grill, AT&T, and The UPS Store.
“We are excited to establish a presence in Maryland with our acquisition of Brandywine Crossing,” said Matt Annibale, senior director of acquisitions. “With a rapidly growing, affluent population and easy access to Washington, D.C., Brandywine is an ideal match for our expansion into new regions.” Annibale noted that the center’s approximately 15,000 square feet of available space provides significant upside potential by way of increased occupancy and cash flow.
Brandywine Crossing is located at 15802 Crain Highway, in the heart of a densely populated retail corridor with a daily traffic count exceeding 108,000 vehicles. The center serves a growing population of more than 61,000 – with an average household income of $115,000 – within a five-mile radius of the property.
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