Finmarc Sells Fairfax County Retail Property for $40M
Commercial real estate management and investment firm Finmarc Management Inc. has completed the $39.7 million sale of a 76,000-square-foot retail building fully leased by Giant Food at Springfield Plaza in Fairfax County, VA.
Located at 6364 Springfield Plaza, the property is adjacent to Interstate 95/395 and minutes from the Springfield Interchange. Giant Food has been operating within Springfield Plaza since 1960 and, last year, relocated from its original space into its current 76,000 square foot building with a long-term lease. The expanded space includes an extensive prepared foods department, full meat and seafood services, enlarged natural and organic foods departments and a broader area for fresh-cut fruits and locally-grown produce.
Ryan Sciullo, Chris Bosworth and Bill Kent of CBRE represented Finmarc Management in the sale. The buyer, Signet Springfield, was represented by David Chasin of Pegasus Investments.
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.