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Washington DC & Mid-Atlantic  + Retail  |  February 6, 2020
David Cohen
By: David Cohen

Metro D.C. Shopping Center Trades for $38M

Alto Real Estate Funds has acquired Prince William Square, a 232,957-square-foot shopping center in the D.C. suburb of Woodbridge, VA. The sales price was $37.9 million.

The center is located at 14200-14520 Smoketown Rd., approximately 27 miles southwest of Washington D.C. Tenants at the 89% leased center include Ross Dress for Less, Mom’s Organic Grocer, dd’s Discounts, Ashley Furniture, Harbor Freight Tools and Jo-Ann Fabrics.

Walker & Dunlop secured a $25 million acquisition loan on behalf of Alto through lender Morgan Stanley. Terms included a seven-year term and a fixed interest rate. The seller was undisclosed.

For comments, questions or concerns, please contact David Cohen

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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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