MANASSAS, VA–For some reason, having an unusual grocery store to anchor a shopping center has become all the rage.
Bethesda-based Finmarc Management has acquired the Festival at Manassas, a 117,000-square foot neighborhood shopping center for $20 million. The property, which is located at 10280-10388 Festival Lane, is anchored by Global Food and is 97% leased.
The seller is Katz Properties, which was represented by Bill Kent of CBRE.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
