{"id":1004113507,"date":"2015-02-15T21:52:18","date_gmt":"2015-02-16T05:52:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=325495"},"modified":"2020-05-13T22:18:02","modified_gmt":"2020-05-14T06:18:02","slug":"jcr-buys-southern-maryland-shopping-center-for-22m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jcr-buys-southern-maryland-shopping-center-for-22m\/","title":{"rendered":"JCR Buys Southern Maryland Shopping Center for $22M"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Manokeek-Village-Shopping-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-325508\" title=\"Manokeek Village Shopping Center\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Manokeek-Village-Shopping-Center.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a>JCR Cos. continues to expand its D.C.-area portfolio of retail properties. Its latest acquisition is the Manokeek Village Shopping Center in Accokeek, Prince George\u2019s County. The company paid $22 million to buy it from Klaff Realty.<\/p>\n<p style=\"text-align: justify;\">The Manokeek Village Shopping Center is located at the intersection of Manny and Berry roads. The 90,172-square-foot shopping center is anchored by Giant Food. According to JCR, the property was 90 percent leased at the time of the sale, to a total of 11 tenants, including Starbucks, Wendy\u2019s Advance Auto, SunTrust Bank and 7-Eleven. JCR said the property includes additional land approved for development of as much as 50,000 rentable square feet of commercial space.<\/p>\n<p style=\"text-align: justify;\">Cantor Commercial Real Estate provided financing for the inline retail space, while Eagle Bank financed the pad sites. The new owner will sell the pad sites and keep the inline space. Its immediate plans for the property include splitting a currently vacant space of 5,000 square feet into three smaller pieces and leasing them along with an additional 2,000 square feet of vacant space.<\/p>\n<p style=\"text-align: justify;\">JCR\u2019s portfolio includes other retail properties in Dupont Circle, Logan Circle, Capitol Hill, Old Town Alexandria, Georgetown and several fast-growing suburbs. Last year, the company purchased 51,800 square feet of retail space at <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/washington-dc\/the-jcr-cos-buys-retail-space-at-lorton-station-town-center-for-13-8m\/1004100006.html\" ><em>Lorton Station Town Center<\/em><\/a> for $13.8 million.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/jcrcompanies.com\/\" rel=\"nofollow\" ><em>JCR Cos.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JCR Companies continues to expand its D.C.-area portfolio of retail properties. Its latest acquisition is the Manokeek Village Shopping Center in Accokeek, Prince George&rsquo;s County. The company paid $22 million to buy it from Klaff Realty.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004113507","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JCR Buys Southern Maryland Shopping Center for $22M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jcr-buys-southern-maryland-shopping-center-for-22m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JCR Buys Southern Maryland Shopping Center for $22M\" \/>\n<meta property=\"og:description\" content=\"JCR Companies continues to expand its D.C.-area portfolio of retail properties. Its latest acquisition is the Manokeek Village Shopping Center in Accokeek, Prince George&rsquo;s County. The company paid $22 million to buy it from Klaff Realty.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jcr-buys-southern-maryland-shopping-center-for-22m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-16T05:52:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T06:18:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Manokeek-Village-Shopping-Center.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jcr-buys-southern-maryland-shopping-center-for-22m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jcr-buys-southern-maryland-shopping-center-for-22m\/\",\"name\":\"JCR Buys Southern Maryland Shopping Center for $22M - 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