First Washington Realty acquires Midwest shopping centers for $65M

First Washington Realty has acquired two grocery-anchored shopping centers in Minnesota and Missouri, expanding its portfolio across 21 states.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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First Washington Realty acquires Midwest shopping centers for $65M

First Washington Realty, a vertically integrated institutional real estate investment firm based in Bethesda, Maryland, has acquired two grocery-anchored shopping centers located in Minnesota and Missouri. The purchase of the retail properties represents a combined value in excess of $65 million as the firm expands its footprint in the Midwest.[1][2]

The two acquisitions expand First Washington Realty's overall portfolio to 21.9 million square feet across 21 states. The institutional investment company maintains a primary focus on high-quality grocery-anchored and necessity-based shopping centers. Among the acquired Midwest assets is The Village of Blaine, a 220,685-square-foot grocery-anchored retail center.[1][2]

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