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Washington DC  + DC Metro  + Retail  | 
ShopOne Centers REIT Inc., and its JV partners have acquired Lake Ridge Commons shopping center in Woodbridge, VA.

ShopOne Centers REIT Enters VA with Acquisition of Woodbridge Shopping Center

ShopOne Centers REIT, Inc., together with its joint venture partners Pantheon and a leading global institutional investor, has acquired Lake Ridge Commons. The 74,367-square-foot Giant Food-anchored shopping center in Woodbridge, VA.

VA is the second East Coast state the joint venture entered in recent months. In September month, the companies acquired Shoppes on the Parkway, an approximately 40,000-square-foot shopping center situated in the Raleigh submarket of Cary, NC.

The joint venture has more than $1 billion of investment capacity and features a $225 million senior credit facility providing debt capital for the initial portfolio and future acquisitions. The joint venture is actively working to expand across its target markets.

Lake Ridge Commons is situated in a densely populated and affluent suburban community 20 miles southwest of DC. It features a 52,706-square-foot Giant Food, which has been in occupancy at the property since 1987, along with a tenant mix including Banfield Pet Hospital and YogaSix.


Inside The Story

ShopOne Centers REIT, Inc.

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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