Lorton, Va. – Before closing on Lorton Station Town Center, JCR acquired 1522 14th Street, NW, in Washington.
The new ownership of the Lorton Station Town Center retail space in Lorton, Va., plans to reposition approximately 7,000 square feet of retail space that is leased but currently vacant.Lorton, Va. – The JCR Companies has acquired the 51,800 square feet of retail space at Lorton Station Town Center in Lorton, located 18 miles southwest of Washington, for $13.8 million. The Lorton Station Town Center, which occupies the ground-floor area above the Virginia Railway Express commuter train station, was sold by Regency Centers. It is 100 percent leased to 19 local, regional and national tenants, including Wells Fargo, Fireside Grill, Subway, Pan e Vino and FedEx. It is part of a mixed-use project with more than 170,000 square feet of office and commercial space, and nearly 1,200 single-family homes, townhomes, condominiums and apartments. The acquisition was financed by Cantor Commercial Real Estate.
— Scott Reid