A Safeway grocery retailer anchors Braemar Village Middle. Picture courtesy of Sterling Group
Sterling Group has bought Braemar Village Middle, a 111,635-square-foot grocery-anchored purchasing heart in Bristow, Va., for $31.4 million. The earlier proprietor was Regency Facilities, based on CommercialEdge info.
Braemar Village Middle marks the 74th property at present owned by Sterling. This acquisition introduced the agency’s portfolio to greater than 12.6 million sq. toes and $2.8 billion in actual property worth.
In one other latest deal, Sterling bought a 102,864-square-foot grocery-anchored purchasing heart, previously often called Cherokee Plaza, in Atlanta. The acquisition was made on behalf of Sterling United Properties II LP, the agency’s stabilized grocery-anchored purchasing heart fund.
Braemar Village Middle, up shut
Accomplished in 2003, Braemar Village Middle includes 5 one-story buildings unfold throughout a 17.1-acre website, the identical supply reveals. The purchasing heart additionally incorporates over 3 acres of vacant land which will be bought or developed into further outparcel pads.
A 57,860-square-foot Safeway grocery retailer anchors the neighborhood heart, with an accompanying fuel pad. The tenant roster at Braemar Village Plaza additionally features a various mixture of native and nationwide retailers akin to Dunkin’ Donuts, Subway, Vocelli Pizza, Momentum Dental, Asian Backyard, Mountain Kim Martial Arts and Caring Fingers Animal Hospital. Financial institution of America and Arby’s occupy further outparcels.
Situated at 12713 Braemar Village Plaza inside a western suburb of Washington, D.C., the property is near the intersection of Sudley Manor Drive and Linton Corridor Street. There are greater than 47,400 individuals residing inside a 3-mile radius and the common family revenue within the space exceeds $163,500. Braemar Village Middle sees greater than 1 million guests every year.
