CENTREVILLE, VA—Old Centreville Crossing, a 170,000-square foot shopping center here has traded for $55.5 million. JBG/Old Centreville LLC picked up the asset, which is 98% leased and located at 13810-13860 Braddock Rd.
The KLNB Retail Investment Sales Group's Andy Stape, Mat Adler, and Vito Lupo represented the seller in the transaction.
The property is anchored by H-Mart and Spa World. It also houses International House of Pancakes, Glory Days Bar & Grill, and Woori American Bank.
A Northern Virginia property, Old Centreville Crossing understandably has good visibility and is exposed to a healthy traffic flow. Some 56,000 vehicles pass the site on a daily basis.
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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.
