Premier Selected to Manage Powder Mill Station

Powder Mill Station, Beltsville

In August 2020, Premier took over management of the 11,500 square foot Powder Mill Station shopping center in Beltsville, MD. Our client brought us in during the feasibility study period in March 2020 — just as the pandemic was raging. Premier was instrumental in negotiating both financial and timing concessions from the Seller, as well as arranging acquisition financing for our client, ultimately making it possible for the transaction to occur. The property contains a range of service tenants and restaurants and is 100% leased. Working closely with the tenants through the pandemic, Premier has been able to keep the center 100% leased and to collect 95%+ of all rents due to date. Powder Mill Station is Premier’s second project for this client.