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| Purvellville Gateway Retail Center, 105 Purcellville Gateway Drive, Purcellville, VA |
WASHINGTON,
DC, June 1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it
has closed the sale of Purcellville
Gateway, an 88,687-square-foot, Harris Teeter-anchored retail center in
Purcellville, Virginia.
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| John Owendoff |
HFF marketed
the property on behalf of the seller, a joint venture between Roadside
Development and Harris Teeter. ECHO
Realty, LP purchased the asset. Roadside
Realty will continue to manage the asset.
Situated on
16 acres of what was once Cole Farm, Roadside Development created a shopping
center that integrates many of the farm’s original structures – the farmhouse,
barn and silo – and distinctive architecture into the center.
This can be seen
in the center’s red standing seam roofing, residential scale white wood siding,
covered porches and sheds, dormers, cupolas and fences.
Completed in 2012, Purcellville Gateway is
100 percent leased to a strong roster of tenants including Harris Teeter,
Starbucks, PetValu, Coach’s Corner Grill and Jersey Mike’s Subs.
Located at 105 Purcellville Gateway Drive, the center is at the corner of
Berlin Turnpike (Route 287) and Main Street (Business Route 7) in the affluent
Washington, D.C. exurb of Purcellville, a Loudoun County town at the foothills
of the Blue Ridge Mountains.
The HFF
investment sales team representing the seller was led by John Owendoff and Jordan
Lex.
For a complete copy of the company’s
news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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