"When McDonald's informed us of their intent to close all oftheir inline locations, we turned our sites on finding a retailerwith a national presence to occupy that space," JBGR principal RobRosenfeld says. "I think we have succeeded in securing a stable,sought-after tenant that complements the existing tenant mix at thecenter." Franklin Farm anchors include Giant Food, Sears hardware,and Cassel's Awards and Engraving. Space at community retailproperties in Northern Virginia goes for about $14 to $18 per sf,according to the NAI Real Estate Planning Guide.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
