FALLS CHURCH, VA- Zuckerman Gravely Development is readying forthe commencement of rent from its recently acquired BJ’s WholesaleClub here. It closed on the 87,000-square-foot warehouse chainstore from JBG Rosenfeld Retail for $26.5 million in cash lastmonth. HFF’s Jim Meisel and Dek Potts represented Zuckerman in thetransaction.

JBGR acquired the land last year, receiving approval from thecity of Falls Church to build a discount-type operation. It thensecured the long-term lease with BJ’s, at which point the retailerbegan construction. It is set to open in the first half ofOctober.

Oftentimes a buyer--at least in a tight market--will wait forrent to start flowing before it closes on a deal, Potts tellsGlobeSt.com. However, the DC-area market’s demographics andfundamentals have been attracting big box discount tenants such asWal-Mart, Sam’s Club and Harris Teeter, he says, all of which aretrying to expand their footprint in the area.