Annapolis, MD
CBRE Arranges $187 Million Sale of Premier Whole Foods-Anchored Lifestyle Shopping Center in Annapolis, MD
Federal Realty Investment Trust Acquires Vibrant Shopping Center Located at 1906 Towne Center Boulevard
October 22, 2025
Media Contact
Corporate Comms Manager
CBRE today announced the $187 million sale of Annapolis Town Center, a premier Whole Foods-anchored lifestyle shopping center located at 1906 Towne Center Boulevard in the heart of Annapolis, MD. Federal Realty Investment Trust, a REIT based in North Bethesda, MD, acquired the 478,648-sq.-ft. complex.
The CBRE team of Ryan Sciullo and Casey Smith spearheaded the marketing campaign for the retail center and represented the seller, PGIM’s real estate business, in the negotiations.
“Open-air shopping centers of this high quality continue to see strong demand from both institutional and private investors,” said Sciullo. “Annapolis Town Center’s irreplaceable location, upscale tenant mix and consistent consumer traffic make it one of the most dynamic shopping centers in the region.”
Widely considered the premier grocery-anchored lifestyle shopping center of the Washington, D.C. and Baltimore regions, Annapolis Town Center is an institutionally owned and maintained asset featuring a high-volume Whole Foods Market, a newly expanded Life Time Fitness, a dominant Target shadow anchor, and a vast assortment of exciting retail featuring a beautifully renovated community-focused design.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, digital infrastructure services); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing more than $1.44 trillion in assets,1 PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and other retail investment vehicles. With 1,450+ investment professionals across 42 offices in 19 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.
PGIM’s real estate business is the world’s third-largest real estate investment manager, with $213 billion in gross assets under management and administration,2 and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.