FINMARC MANAGEMENT, INC. SELLS 40,000 SQUARE FOOT SHOPPING CENTER IN TYSONS CORNER, VA FOR $31.1 MILLION
Posted on: 05/05/2015

Located at 8459 Leesburg Pike, center is 100% leased 

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, along with its partners has sold a 40,000 square foot neighborhood retail center located at 8459 Leesburg Pike, in the Tysons Corner section of Northern Virginia for $31.1 million to Retail Properties of America, Inc. (RPAI). Ken Goldberg of Uniwest Realty represented the buyer in this transaction.

The retail center is presently 100% leased to tenants that include Golfsmith USA, Chick-Fil-A and Chipotle Mexican Grill, Roti Restaurant, and Hamilton Soda & Leather Gallery.

The project is positioned with roadside visibility on Route 7 (Leesburg Pike) adjacent to Best Buy and is within close proximity to Tysons Corner Center Mall, Tysons Galleria Mall and Metro. More than 100,000 consumers reside within a three-mile radius of the shopping center with an average household income exceeding $150,000.

“This center is located in an area recognized nationally as among the healthiest and most highly-desired of any region in the country,” explained Marc Solomon, Principal of Finmarc. “The new owner acquired a fully-leased asset featuring a mix of strong national and regionally operated tenants, with extremely loyal customer followings. The Tysons Corner sub-market continues to perform at an extremely high level, assuring the long-term value of this center.”

With the sale of this asset, over the last 24 months, along with its partners, has acquired or disposed of $389 million worth of properties.

Finmarc Management, Inc. is a fully-integrated commercial real estate company that focuses on the real estate investment, management, leasing and development of retail, industrial/flex projects, and office buildings throughout the Mid-Atlantic region. The firm presently manages a diverse portfolio encompassing more than five million square feet of space situated in Maryland, Washington, D.C., Virginia, Delaware, New Jersey and Pennsylvania. For additional information, visit www.Finmarc.com