Tropp of Eastern Union Funding arranges financing for Klein Enterprises’ $29.25m SC acquisition
Woodbridge, Va — Eastern Union Funding arranged financing for Klein Enterprises’ acquisition of Market at Opitz Crossing, a 157,724 s/f shopping center located at 2141 Opitz Blvd. in Woodbridge. The Baltimore, MD based family business, with four generations of investment and management experience, purchased the property from the Sterling Organization for $29.25 million.
Eastern Union senior managing director Marc Tropp advised Klein Enterprises, which closed on the Apple Federal Credit Union loan in 30 business days.
Market at Opitz Crossing is anchored by a PriceRite supermarket, and offers a variety of dining, shopping and other service-oriented facilities. Major national tenants include Chipotle, Advance Auto Parts, Dollar Tree, Checkers, Subway, BB&T, Taco Bell, Edible Arrangements, Papa Johns, Hair Cuttery, Mariner Finance, Quest Diagnostics and T-Mobile. ν