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Washington DC  + DC Metro  + Retail  | 
WashREIT D.C. retail portfolio JLL

JLL Closes $168M Grocery-Anchored Portfolio Sale for WashREIT

JLL Capital Markets has closed the $168.3-million sale of a portfolio of eight infill neighborhood retail assets totaling 695,991 square feet in Washington, D.C., Northern Virginia and southern Maryland. The team of Stephen Conley, Danny Finkle, Jordan Lex and Kim Flores marketed the portfolio on behalf of WashREIT. 

The portfolio, 82% leased, includes two assets in Washington, DC, two in Virginia and four in Maryland. The District  properties include Chevy Chase Metro Center and Spring Valley Village, with 800 S. Washington St. in Alexandria and Concord Centre in Springfield comprising the Virginia assets. Montrose Shopping Center and Randolph Shopping Center in Rockdale; Takoma Park Shopping Center in Takoma; and Westminster Shopping Center in Westminster are all in Maryland. 

“JLL continues to see strong investor demand for opportunities to acquire retail, especially at-scale,” Finkle said. “The asset class has proven resilient and offers investors appealing risk-adjusted returns in today’s low-yield environment.” 

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Inside The Story

JLL's Finkle

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition