WASHINGTON, DC-The newly merged Newmark & Bank Co is off to a running start. In a record three months, the full-service real estate firm facilitated the sale of the 123,000-sf Village Market Center by the Batman Corp. to Plank Inc. for $15.3 million. Newmark & Bank represented the owner in the transaction.

“This sale is indicative of the strength of the Northern Virginia market,” says Lisa Benjamin of Newmark & Bank. “The center’s location on Route 7, and proximity to the burgeoning Tysons Corner-Ashburn technology corridor, has only served to increase its attractiveness.”

The Village Market Center opened in 1987 and boasts a distinctive Tudor-style architecture and European village flair. The center benefits from its location on Route 7 on the major east-west arterial route through Fairfax and Loudoun Counties, where over 70,000 cars pass daily.

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