Monday, June 1, 2015

HFF closes sale of grocery-anchored retail center in Washington, D.C. metro area


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.

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


No comments:

Post a Comment