Alexandria shopping centers are part of $485 million deal

Published August 5, 2019 by Robert Powell, III

Two Alexandria shopping centers were included in a recent $485 million deal involving grocery-anchored shopping centers acquired in Virginia and Maryland.

The commercial real estate firm JLL announced last week that Bradlee Shopping Center and Shoppes at Foxchase in Alexandria were two of the five properties sold by WashREIT to First Washington Realty. Bradlee Shopping Center is anchored by The Fresh Market and Shoppes at Foxchase is anchored by a Harris Teeter.

The Maryland shopping centers in the portfolio are Gateway Overlook in Columbia, Olney Village Center in Olney and Wheaton Park Shopping Center in Wheaton. Those properties' grocery-store anchors include Trader Joe's, Aldi, Giant and H Mart.

JLL said the entire portfolio includes 797,984 square feet of retail space, which is 97.7% leased.

Representing the seller were JLL’s Capital Markets team — including Daniel Finkle, Stephen Conley, John Owendoff, Jordan Lex and Kim Flores — along with JLL's M&A and Corporate Advisory team.