Virginia

Barcroft-Plaza
FinanceGrocery-anchoredInvestment salesNewsVirginia

JLL Arranges $58 Million Sale, Acquisition Financing for Harris Teeter-Anchored Shopping Center Near Washington, D.C.

by Abby Cox

Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …

Continue Reading
0 FacebookTwitterLinkedinEmail
8805-Centreville-Rd-Manassas
Grocery-anchoredInvestment salesNewsVirginia

Marcus & Millichap Brokers $10.2 Million Sale of H-Mart-Anchored Shopping Center in Northern Virginia

by Abby Cox

Manassas, Va. — Marcus & Millichap has brokered the $10.2 million sale of a 67,022-square-foot shopping center located in Manassas, roughly 31 miles southwest of Washington, D.C. H Mart anchors the center, which was built in 1981. Other tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Domino’s Pizza and Wingstop, as well as several local retailers. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, a private individual based in the local area, and procured …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaInvestment salesKentuckyMichiganNewsNorth CarolinaTennesseeVirginia

ARCTRUST Purchases Seven-Property Net Lease Portfolio in Six States

by Abby Cox

New York — ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Cos., has acquired a seven-property, single-tenant net lease portfolio in six states including North Carolina, Alabama, Kentucky, Michigan, Tennessee and Virginia. The portfolio, which spans approximately 51,192 square feet, comprises two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts. The portfolio features a 13.6 weighted average lease term, with contractual rent increases and renewal options across all properties. Each property operates on an absolute triple-net lease basis. The two Pinnacle Bank …

Continue Reading
0 FacebookTwitterLinkedinEmail
point-hope-commons
CaliforniaFloridaGrocery-anchoredNewsTexasVirginia

Bain Capital, 11North Acquire Five Open-Air Retail Centers Across Four States for $300 Million

by Abby Cox

California, Virginia, Florida and Texas — A joint venture between Bain Capital and 11North Partners has acquired five open-air retail centers for approximately $300 million. The properties total roughly 757,000 square feet and are located in Carlsbad, California; Falls Church, Virginia; Altamonte Springs, Florida; and Sugar Land, Texas. The seller was not disclosed. Anchor tenants of the portfolio include Harris Teeter, Trader Joe’s, Walmart, Costco and Equinox, with sales from those anchor stores exceeding $900 per square foot. The portfolio, which was more than 93 percent occupied at the time …

Continue Reading
0 FacebookTwitterLinkedinEmail
tuckernuck-commons
Investment salesNewsVirginia

Berkeley Capital Advisors Arranges $12 Million Sale of Tuckernuck Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has arranged the sale of Tuckernuck Commons, a 93,392-square-foot shopping center located in Richmond. The Richmond, Virginia-based private buyer purchased the property for $12 million. David Webb and Thompson Brown of Berkeley Capital Advisors represented the seller in the transaction. Tuckernuck Commons, which was fully leased at the time of sale, features a mix of tenants including Ollie’s Bargain Outlet, Dollar Tree, Sushi King and Beauty Zone, according to LoopNet Inc. Built in 1986, the property spans nearly 11 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
west-broad-commons
Grocery-anchoredInvestment salesNewsVirginia

Berkeley Capital Advisors Negotiates $18.8 Million Sale of West Broad Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has negotiated the $18.8 million sale of West Broad Commons, a 109,551-square-foot shopping center located in Richmond. Rob Carter, Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller. The private buyer is based in Maryland. Tenants at the center, which was fully leased at the time of sale, include New Grand Mart, Teppanyaki Grill & Buffett and Empire Beauty School. West Broad Commons spans nearly 12 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
Lakeside-Crossing
LeasingMarylandNewsVirginia

Divaris Real Estate to Provide Leasing for Two Shopping Centers in Virginia, Maryland

by Abby Cox

Lynchburg, Va. and Owings Mills, Md. — Divaris Real Estate has been selected to provide leasing for two shopping centers located in Virginia and Maryland. Sara Goodall and Sam McCoy of the firm will handle leasing for Lakeside Crossing, a 67,034-square-foot shopping center located in Lynchburg. The Fresh Market anchors the property, which features additional tenants such as Petco, Panera Bread and Chipotle Mexican Grill. James O’Neill and Shadi Ayyoubi will lead leasing efforts for New Town Village, a 116,303-square-foot neighborhood center located within the master-planned community of New Town …

Continue Reading
0 FacebookTwitterLinkedinEmail
Kroger_Delaware-Community-Plaza-Ohio
GeorgiaGrocery-anchoredIllinoisNewsNorth CarolinaOhioSouth CarolinaTennesseeVirginia

Continental Realty Acquires 14-Property Shopping Center Portfolio in Southeast, Midwest

by Abby Cox

Baltimore and Hillard, Ohio — Continental Realty Corp. has purchased a 14-property shopping center portfolio located across seven states in the Southeast and Midwest. The Baltimore-based firm purchased the more than 2 million-square-foot portfolio from Hillard-based US Properties Group for an undisclosed price. Chris Decoufle and Kevin Hurley of CBRE represented the seller in the off-market transaction. The acquisition grows Continental Realty’s holdings to nearly $5 billion in assets under management and expands its geographic footprint to 16 states, including its entry into Ohio. The portfolio was 93 percent leased at …

Continue Reading
0 FacebookTwitterLinkedinEmail
spice-and-tea-exchange
DevelopmentFloridaNewsOklahomaRetailersVirginia

The Spice & Tea Exchange Signs New Franchise Deals Across Oklahoma and Virginia

by Abby Cox

St. Augustine, Fla. — St. Augustine, Florida-based specialty retail brand The Spice & Tea Exchange has signed a franchise agreement to open seven new stores across Oklahoma and Virginia. The newly signed agreements include one unit in Guthrie, Oklahoma; two, three-unit development deals in Fredericksburg, Charlottesville and Roanoke, Virginia; and Lexington, plus two additional territories to be announced. These deals build upon the brand’s existing footprint in Sulphur, Oklahoma, and Richmond and Williamsburg, Virginia. Development timelines and projected opening dates for the new locations will be released in the coming …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentEntertainmentNewsVirginia

BIVI/Padel Acquires Former Beach Cinema Alehouse in Virginia Beach for $6.3 Million, Plans Redevelopment

by Abby Cox

Virginia Beach, Va. — BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry, creating a social “third space.” The facility is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also of Divaris Real Estate, represented the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts