Press Releases
Marcus & Millichap Arranges Sale of $13.5M Retail Portfolio in Southern Maryland
December 09, 2025
LA PLATA, Md., Dec. 9, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today its completion of the Rosewick Corner sale assignment in La Plata, Maryland.
The sale included three newly constructed retail buildings within the Rosewick Corner mixed-use development: a freestanding Aldi grocery store, a 7-Eleven convenience store and fueling station, and a 7,000-square-foot retail strip center with University of Maryland Medical System and others.
“This project is an excellent example of our brokerage services at their best. The development consisted of a shopping center as well as two single-tenant net leases, with vastly different price points. Our marketing platform has the ability to reach the correct buyer/broker profiles and ultimately maximize value for the developer by facilitating three different transactions,” said Dean Zang, executive managing director investments.
With a total sales consideration of $13,575,174, the three land condo parcels were sold starting in March 2023 with Aldi, followed by the strip shopping center, and the 7-Eleven most recently in December 2025. Dean Zang and David Crotts, investment specialists in Marcus & Millichap’s Washington, D.C. office, exclusively marketed the properties on behalf of the seller, Generation Properties LLC, and another local developer. The team secured and represented the buyer of the retail strip center, while Robert Narchi, Tyler Bindi, and Jason Fefer of Marcus & Millichap’s Los Angeles office represented the Aldi purchaser, and Encore Real Estate Investment Services secured the 7-Eleven buyer.
The transaction is within the larger Rosewick Corner mixed-use project, which includes a 193-unit multifamily community, and is effectively shadow-anchored by Lowe’s and Giant immediately across Route 301.
The sale included three newly constructed retail buildings within the Rosewick Corner mixed-use development: a freestanding Aldi grocery store, a 7-Eleven convenience store and fueling station, and a 7,000-square-foot retail strip center with University of Maryland Medical System and others.
“This project is an excellent example of our brokerage services at their best. The development consisted of a shopping center as well as two single-tenant net leases, with vastly different price points. Our marketing platform has the ability to reach the correct buyer/broker profiles and ultimately maximize value for the developer by facilitating three different transactions,” said Dean Zang, executive managing director investments.
With a total sales consideration of $13,575,174, the three land condo parcels were sold starting in March 2023 with Aldi, followed by the strip shopping center, and the 7-Eleven most recently in December 2025. Dean Zang and David Crotts, investment specialists in Marcus & Millichap’s Washington, D.C. office, exclusively marketed the properties on behalf of the seller, Generation Properties LLC, and another local developer. The team secured and represented the buyer of the retail strip center, while Robert Narchi, Tyler Bindi, and Jason Fefer of Marcus & Millichap’s Los Angeles office represented the Aldi purchaser, and Encore Real Estate Investment Services secured the 7-Eleven buyer.
The transaction is within the larger Rosewick Corner mixed-use project, which includes a 193-unit multifamily community, and is effectively shadow-anchored by Lowe’s and Giant immediately across Route 301.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
