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Washington DC  + DC Metro  + Retail  | 

Avison Young Arranges $14M Sale of Alexandria Retail Center

Avison Young has brokered the $14.2 million sale of a fully-leased retail center in Alexandria, VA. Jonathan Hipp, Richard Murphy, Chip Ryan and Matt Weber of Avison Young represented the undisclosed seller in the transaction. Michael Patz of KLNB represented the private buyer.

Located at 6001 Kingstowne Village Parkway, the center is occupied by ALDI supermarket, a La-Z-Boy furniture store and a newly opened Ashley Furniture HomeStore. It is located adjacent to Kingstowne Towne Center, a vibrant live-work-play center nearby Washington, DC.

“This premier retail center in an unrivaled location represented a tremendous opportunity to purchase a generational-quality asset,” said Hipp. “Thanks to strong demographics, the 100%-leased, high-quality retail will continue to provide stable income for years to come.”


Inside The Story

Avison Young’s Hipp

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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