Located at 525 E. Market St, Bellewood Commons is on Leesburg'smain retail corridor in the central part of the town, at theintersection of Market and Plaza Sts. In 1998, it was renovated,including repainting of the facade, resurfacing the parking lot andupdating of the center's landscaping. Today, it is 97% leased, andanchored by Starbucks, Dunkin Donuts and Mail Boxes Etc, accordingto Minshall-Stewart Properties' web site.
Rich Vaaler of Sperry Van Ness/Vaaler Real Estate in Leesburgand Peter Witham and Fred Moon of The Greenwich Group, representedthe seller. The firm also advised the buyer, which representeditself.
Vaaler has been the leasing and managing agent when it was underMinshall-Stewart's ownership. The new owner has retained Sperry VanNess/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.
