Federal Capital Partners Sells Settlers Market for $61.2 Million

Williamsburg, Va.  — Federal Capital Partners has sold Settlers Market, a 239,464-square-foot retail power center in Willamsburg for $61.2 million.

AEW Capital Management acquired the property on behalf of the AEW Core Property Trust, an open-end core real estate fund. Tenants of the 97 percent leased center include Trader Joe’s, Walmart Neighborhood Market, Michaels, HomeGoods, ULTA Beauty, Stein Mart, Cost Plus World Market, Party City, Petco, Pier 1 Imports, Zoës Kitchen, Which Wich and Noodles & Co.