Rock Creek Property Group & Ideal Realty Group Acquire Woodbridge Retail Portfolio For $52.8M

Interstate Management Inc. has sold a portfolio of four retail centers totaling 470,000 square feet in Woodbridge, VA, for $52.8 million. The properties included in the portfolio are located at 4385 Dale Boulevard, 5429 Mapledale Plaza, 4136 Dale Boulevard, and 4338 Dale Boulevard. This transaction marks a significant sale in the Woodbridge market.

Summary of transaction details

• Property Type: Retail
• Sale Price: $52,800,000
• SF: 470,000
• PPSF: $112
• Buyer: Gary Schlager & Andrew Glick - Rock Creek Property Group & Ideal Realty Group
• Seller: Interstate Management Inc

The joint venture involved in the purchase of these retail centers includes Ideal Realty Group, Rock Creek Property Group, and Sigmund Cos. Gary Schlager and Andrew Glick, representing Rock Creek Property Group and Ideal Realty Group respectively, played a key role in the acquisition.