Peterson Cos. Sells Six-Property Retail Portfolio In Leesburg For $20.2 Million

A retail portfolio consisting of six properties was sold in Leesburg, VA, located at 500-520 Compass Point Plaza. The total sale price for the portfolio was $20,200,000, which includes a square footage of 41,635 and a price per square foot of $485. The asset type is retail, situated on a 200-acre development. The portfolio features two strip centers and four freestanding pads, with tenants including Starbucks, Chipotle, Popeyes, Valvoline, AT&T, and Heartland Dental.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,200,000
• Square Footage: 41,635
• Price per Square Foot: $485
• Acres: 200
• Units: 6
• Price per Unit: $3,366,667
• Seller: Peterson Cos.
• Market: Leesburg, VA
• Brokers: Justin Smith, Chris Peterson, Dean Sands, David Hoppe, Eric Suffoletto & Matt Austin - Atlantic Retail

The transaction involved Peterson Cos. as the seller of the retail portfolio within the 200-acre Compass Creek development. The brokerage team from Atlantic Retail, consisting of Justin Smith, Chris Peterson, Dean Sands, David Hoppe, Eric Suffoletto, and Matt Austin, facilitated the sale of the properties.