A commercial real estate firm is seeking a potential buyer for Ellsworth Place in downtown Silver Spring.
Mathew Adler, a managing director with the international firm Newmark Grubb Knight Frank, said Monday that the recently renovated mall will be marketed for sale.
Adler said he could not provide any additional details about the listing.
Local blog Source of the Spring reported Friday the real estate firm circulated an email last week that it had been retained to sell the 350,000-square-foot property, which is a landmark in Silver Spring at the corner of Colesville Road and Fenton Street.
The mall is owned by Petri Richardson Ventures, which bought the building in 2007 and later partnered with Rockwood Capital in 2012 to renovate it. Petri Richardson said it spent $75 million renovating the former City Place mall, which it rebranded as Ellsworth Place. The company added new stores such as T.J. Maxx, Michael’s, Guitar Center, Ross and the arcade and restaurant Dave & Buster’s as part of the revamp.
A spokesman for Petri Richardson declined to comment on a possible sale when reached Friday.