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JULY 30, 2019

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First Washington Realty buys $485m grocery-anchored portfolio

by Released

JLL has closed the $485 million sale of a portfolio of five core, grocery-anchored retail properties totaling 797,984 square feet in the Washington, D.C., metro area.

JLL marketed the property on behalf of the seller, WashREIT.

First Washington Realty purchased the assets. The portfolio, which is 97.7 percent leased, comprises two centers in Northern Virginia and three centers in Southern Maryland.

The properties are Bradlee Shopping Center and Shoppes at Foxchase in Alexandria, Va.; Gateway Overlook in Columbia, Md.; Olney Village Center in Olney, Md.; and Wheaton Park Shopping Center in Wheaton, Md. The properties are anchored by a variety of grocery stores, including Trader Joe's, Aldi, Harris Teeter, Giant, The Fresh Market and H Mart, in addition to nati

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