Upper Marlboro’s Calvert Brewing Company Closing Soon
Following eight successful years, the Calvert Brewing Company at 15850 Commerce Court in Upper Marlboro plans to shut down after the first quarter of 2024 ends. This is the first such closure of the year, and follows the 2023 sales of DuClaw Brewing and Flying Dog Brewing along with the closing of the Guinness Brewery last June.
David Iannucci of the Prince George’s County Economic Development Corporation expressed disappointment in the closure and cited the poor visibility of the brewery despite its location along a major highway.
“They had a great operation, worked hard, but their location in an industrial park without Route 301 signage was a tough challenge to overcome,” said Ianucci.
He also said that the EDC would gladly work with them to find them a better location in the county.
JLL Capital Markets Finances $18.4 Million Retail Center Purchase
JLL Capital Markets arranged an $18.4 million loan on Jan. 26 to finance the acquisition of Metro Shops, a retail center located in Hyattsville at 2900 Belcrest Center Drive.
The property measures in at 160,623 square feet and is located across the street from the 1 million-square-foot Mall at Prince George’s.
Tenants at Metro Shops currently include Bob’s Discount Furniture, Staples, LA Fitness, Citibank and Dunkin’ Donuts.
