US Property Trust Acquires Retail Shopping Center In Burke VA From Steuart Investment Co For $127.5M

The retail asset involved in this transaction is located at 5649-5815 Burke Centre Parkway, Burke, VA. It encompasses a total area of 256,958 square feet and was sold for a price of $127,500,000, which translates to approximately $496 per square foot. The property is fully leased and is anchored by Kohl’s and Safeway, making it a significant shopping center in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $127,500,000
• Square Footage: 256,958
• Address: 5649-5815 Burke Centre Parkway
• Market: Burke, VA

The buyer of the property is US Property Trust, while Steuart Investment Co. acted as the seller in this transaction. This deal involves significant representation, and brokers likely facilitated negotiations between the parties involved.