{"id":1004205147,"date":"2018-01-29T08:15:03","date_gmt":"2018-01-29T16:15:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004205147"},"modified":"2022-12-08T04:59:36","modified_gmt":"2022-12-08T12:59:36","slug":"dc-area-retail-plaza-sells-for-20m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-plaza-sells-for-20m\/","title":{"rendered":"DC-Area Retail Plaza Sells for $20M"},"content":{"rendered":"<p>by Beata Lorincz<\/p>\n<div id=\"attachment_1004205152\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004205152\" data-attachment-id=\"1004205152\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-plaza-sells-for-20m\/fortuna-center-plaza-in-dumfries-va\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg\" data-orig-size=\"1209,909\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1517238862&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Fortuna Center Plaza in Dumfries, Va.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Fortuna Center Plaza in Dumfries, Va.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg?w=1024\" class=\"wp-image-1004205152 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg\" alt=\"Fortuna Center Plaza in Dumfries, Va.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg 1209w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Fortuna-Center-Plaza-in-Dumfries-Va.-e1517235504689.jpg?resize=1024,770 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004205152\" class=\"wp-caption-text\">Fortuna Center Plaza in Dumfries, Va.<\/p><\/div>\n<p>Mosaic Realty Partners has acquired Fortuna Center Plaza, a 104,694-square-foot, grocery-anchored shopping center in Dumfries, Va., for $20.2 million. NKF Capital Markets oversaw the sale and financing of the retail asset.<\/p>\n<p>Located along Dumfries Road on the southwestern perimeter of Washington, D.C.\u2019s metro region, the site provides daily exposure\u00a0to roughly 44,000 vehicles. The plaza is situated across the street from Prince William Forest Park and adjacent to Target, being easily accessible from Interstate 95. Fortuna Center is anchored by Shoppers Food Warehouse, along with Starbucks, Panera Bread, Five Guys and Rite Aid, which is planned to replaced by Walgreens.<\/p>\n<h2>Grocery-Anchored\u00a0Shopping<\/h2>\n<p>NKF\u2019s Executive Managing Director Geoffrey Millerd, Managing Director Mat Adler and Financial Analysts Christian Brannelly and Chris Huesgen, led by U.S. Head of Capital Markets Robert Griffin, oversaw the transaction on behalf of the seller. Vice Chairmen Joe Donato and Maury Zanoff, along with Vice President Kassandra Saridakis and Financial Analyst Daniel Salcetti arranged the financing on behalf of the buyer.<\/p>\n<p><em>\u201cThe excellent visibility, strong demographics, and continued population growth were significant drivers in the sale of Fortuna Center Plaza,\u201d<\/em> said Adler, in prepared remarks. <em>\u201cThis was a unique opportunity in Northern Virginia to acquire a grocery-anchored shopping center with a quality tenant mix.\u201d<\/em><\/p>\n<p>Last December another Washington, <a href=\"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-asset-trades-for-21m\/\">D.C.-area shopping center<\/a> changed hands in a $21 million transaction.\u00a0J.A.R. New York RLT aquired\u00a0Shoppes at Bowie Town Center in Maryland from a seller represented by Neuman Commercial Group.\u00a0<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fortuna Center Plaza is a nearly 105,000-square-foot, grocery-anchored shopping center located in Northern Virginia. The more than $20 million deal was arranged by NKF Capital Markets.<\/p>\n","protected":false},"author":739,"featured_media":1004506763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,11,21742,21749,1615],"tags":[38967,38966,36007],"class_list":["post-1004205147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midatlantic","category-latest","category-retail","category-washington-dc","tag-joe-donato","tag-mosaic-realty-partners","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DC-Area Retail Plaza Sells for $20M - 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\/dc-area-retail-plaza-sells-for-20m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DC-Area Retail Plaza Sells for $20M\" \/>\n<meta property=\"og:description\" content=\"Fortuna Center Plaza is a nearly 105,000-square-foot, grocery-anchored shopping center located in Northern Virginia. 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