Saul Centers Inc. (BFS) Monday said it bought about 53,000 square feet of retail space located on the east side of Rockville Pike, near the Twinbrook Metro Station in Montgomery County, Maryland, for $23 million.
The company does not anticipate redeveloping the property in the foreseeable future. The acquisition was funded with borrowings under the revolving credit facility.
Also on December 6, the company sold for $3.9 million the 55,000 square foot Belvedere Gardens shopping center, located in Baltimore, Maryland.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.