Located at 525 E. Market St, Bellewood Commons is on Leesburg's main retail corridor in the central part of the town, at the intersection of Market and Plaza Sts. In 1998, it was renovated, including repainting of the facade, resurfacing the parking lot and updating of the center's landscaping. Today, it is 97% leased, and anchored by Starbucks, Dunkin Donuts and Mail Boxes Etc, according to Minshall-Stewart Properties' web site.
Rich Vaaler of Sperry Van Ness/Vaaler Real Estate in Leesburg and Peter Witham and Fred Moon of The Greenwich Group, represented the seller. The firm also advised the buyer, which represented itself.
Vaaler has been the leasing and managing agent when it was under Minshall-Stewart's ownership. The new owner has retained Sperry Van Ness/Vaaler Real Estate as the leasing agent.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
