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Maryland Shopping Center Sells for $40 Million After Adding Supermarket, Townhouses

Montgomery Village Center Could Serve as Example for Neighboring Mall Slated for Redevelopment
Montgomery Village Center sold to a Virginia-based company that invests in gas station and retail service centers. (CoStar)
Montgomery Village Center sold to a Virginia-based company that invests in gas station and retail service centers. (CoStar)
CoStar News
February 3, 2023 | 9:17 P.M.

Montgomery Village Center, an eight-building shopping center on the edge of Gaithersburg, Maryland, has traded hands for $40.25 million after undergoing a major renovation in 2021 that brought in new residential units and a slew of tenants.

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