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Rockville Retail Centers Sell for $50.3 Million

Washington Real Estate Investment Trust Acquires Montrose, Randolph Shopping Centers
By Melanie Minges
May 22, 2006 | 3:08 P.M.

Washington Real Estate Investment Trust (WRIT) acquired the Montrose Shopping Center and the Randolph Shopping Center in Rockville, MD for $50.3 million, or about $220­ per square foot, in a portfolio sale. The seller was a partnership of local, D.C.-based investors.

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