Login

The Home Depot Goes From Tenant to Landlord With Purchase of Longtime Gaithersburg, Maryland, Store

Home Improvement Giant Co-Anchors 270 Center on Shady Grove Road
The Home Depot now owns its 102,190-square-foot store on Shady Grove Road outright. (Tyler Priola/CoStar)
The Home Depot now owns its 102,190-square-foot store on Shady Grove Road outright. (Tyler Priola/CoStar)
By Emily Kelly
CoStar Research
April 3, 2023 | 6:36 P.M.

Ares Real Estate didn't have to look far for a buyer for one of its properties in the 270 Center in Gaithersburg, Maryland, finalizing a deal with the property's longtime tenant, The Home Depot, that will see the home improvement giant own the building outright.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE