KLNB Retail Arranges Sale of Grocery-Anchored Shopping Center in Alexandria

by Katie Sloan

Alexandria, Va. — KLNB Retail has arranged the sale of New Grand Shopping Center, a 65,330-square-foot shopping center located in Alexandria, roughly 10 miles outside of Washington, D.C.

The center was fully leased at the time of sale and anchored by New Grand Mart, an international supermarket that specializes in Korean, East Asian, Latino and African groceries. Other tenants include Pho Factory, TempAsian Café, Hee Been Restaurant, Panaderia Latina, Mamas Chicken, Kabob Restaurant, Halal Meats, a dry cleaner, laundromat, men and women’s hair salons and a beauty supply store.

Andy Stape and Vito Lupo of KLNB Retail represented the seller, Grand Shopping Center LLC, and procured the buyer, a private real estate fund advised by Crow Holdings Capital-Real Estate. The sales price was not disclosed.

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