ASHBURN, VA — Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Village Center at Belmont Greene, a 60,891 s/f retail property located in Ashburn, VA, according to Matthew Drane, regional manager of the firm’s Washington, D.C. office. The Property sold for $21,737,600.
The Village Center at Belmont Greene, constructed in 2007, consists of a 60,891 s/f shopping center, a 38,003 s/f dark anchor box, and various developed and undeveloped pad sites. The anchor space was initially occupied by Bloom, a Delhaize concept and former Food Lion brand. In February 2010, Delhaize announced it would close 65 locations including this store. Despite that closure, inline tenants have been resilient, and the shop space has remained consistently leased.
Josh Ein, senior associate, Dean Zang, senior managing director investments, and David Crotts, senior associate and director in Marcus & Millichap’s Washington, D.C. office, had the exclusive listing to market the property on behalf of the seller and secured the buyer.