Stape, Lupo, and Porter KLNB broker $21 Million sale of 8300-8370 Centreville Road in Manassas, Virginia

January 13, 2020

MANASSAS, VA — KLNB, a mid-Atlantic multi-service commercial real estate firm, announced the sale of 8300-8370 Centreville Rd., a 135,674 s/f grocery-anchored retail center in Manassas. The property sold for $21 million, or $154.78 psf, and closed in October. Andy Stape, Vito Lupo, and Stephen Porter of KLNB’s Retail Investment Sales Group represented the seller and procured the purchaser for this transaction.
“The sale of Maplewood Center demonstrates the continued demand for well-located, grocery-anchored retail centers,” said Lupo. “It’s also indicative of a growing trend within the investment community, both private and institutional, of viewing international grocers as a highly desired asset type, especially in the Mid-Atlantic region.”
 

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