Sterling II Shopping Center in Loudoun is for sale
Greysteel’s mid-Atlantic retail investment sales team has been named exclusive adviser and agent for the sale of Sterling Plaza II, a 22,280-square-foot shopping center at 22405 Enterprise St. in the Sterling area of Loudoun County.
Built in 2005 as an outparcel of Safeway-anchored Sterling Plaza I retail center, the tenants at Sterling Plaza II include Carquest, Goodwill of Greater Washington and Little Caesar’s Pizza.
Revitalization of Sterling Plaza I has begun with capital and façade upgrades. New tenants include the Sterling Public Library, which is scheduled to open in August. In addition, there are plans for a new townhome development that would face Sterling II.
“Redevelopment of Sterling I Center and almost no more developable land in the submarket bolsters this asset’s long-term viability,” Gil Neuman, Greysteel managing director, said in a statement.
Greysteel is representing the seller, Atlantic Realty Cos. Serving on the sales team with Neuman is Cyrus Kashfian, Joyce Swain, and Matt Hutton.