Source: Gunston Plaza Trades for $38M

LORTON, VA—Retail fundamentals are steadily improving in Northern Virginia, Delta Associates says in its new report.

By Erika Morphy | Updated on October 24, 2014

LORTON, VA—A source tells GlobeSt.com that Gunston Plaza, a grocery-anchored retail center here has traded for approximately $37.5 million, or $179 per square foot. An LLC is recorded as the purchaser. The seller was Madison Marquette and the broker was NGKF.

The Food Lion-anchored 19,512-square foot center is 97% occupied by Gold’s Gym, Dollar Tree, Rite Ad and USPS. It last traded in 2010 for $28.6 million.

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