AmCap, a vertically integrated private equity real estate firm, has purchased First Colony Center, a 98,179-square-foot, high-volume, grocery-anchored, shopping center in the Washington, D.C., suburb of California, Md.
“First Colony continues AmCap’s mission of acquiring well-located properties with tenants that are essential businesses that serve daily needs, are internet resistant and are established members of their respective communities,” said Jake Bisenius, president and CIO of AmCap. “The AmCap team is excited to be a part of the St. Mary’s County community and we look forward to working with Giant and other local stakeholders to ensure the continued success at this location.”
Tenants include Target, Lowe’s and BJ Wholesale Club. Located in an affluent and well-educated suburb of Washington, D.C., First Colony is located on the main retail corridor in St. Mary's County, the fastest growing county in Maryland. The center is less than five miles from
