Saul Centers Inc., a Bethesda, Md.-based equity real estate investment trust, recently acquired three shopping centers, two of which are located in the metropolitan Washington, D.C., area. The company acquired the 89,000-square-foot Great Falls Center located in Great Falls, Va. Built in 1979 and renovated in 2000, the center is anchored by a Safeway grocery store and a CVS pharmacy and was 95 percent occupied at the time of purchase. The company also purchased a single-tenant property occupied by the 115,000-square-foot BJ's Wholesale Club, located in Alexandria, Va. The property was constructed in 1991 and is leased to BJ's under a long-term ground lease. The third property is the 22,000-square-foot Marketplace at Sea Colony, located in Bethany Beach, Del. The center was full...
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