Aug 26, 2011
Prince George's: MD'S Waking Giant?
Real Estate Bisnow, Aug 26, 2011
"Petrie Ross chairman Walt Petrie (right, with moderator Wayne Curry of NAI The Michael Cos.) says Prince George's retail market is underserved. It has half the retail SF per capita as the rest of the region, but retailers are cautious. It's especially hard for smalltenants because loans are so hard to come be, he says, although grocery tenants remain a bright spot. Walt also says Woodmore Town Center (opened in October 2010) is doing well, with salesacross the board ahead of projections. The center is 80% leased and he expects it to be at 90% by next year."