Fresh World Affiliate Acquires Mount Vernon Square Retail Center For $17.1M

A retail property located at 7451 Mount Vernon Square Center in Alexandria, VA, has been sold for a price of $17,100,000. The property spans a total area of 70,617 square feet, resulting in a price-per-square-foot (PPSF) value of $242. The transaction took place on 07/20/2023 between the buyer, an affiliate of Fresh World, and the seller, York NEB Associates LP.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $17,100,000
• Address: 7451 Mount Vernon Square Center, Alexandria, VA
• Market: Alexandria, VA
• Buyer: Affiliate of Fresh World
• Seller: York NEB Associates LP
• Square Footage: 70,617
• Price Per Square Foot (PPSF): $242

An affiliate of Fresh World, a grocery store co-founded by an individual associated with the buyer, acquired the Mount Vernon Square retail center in Fairfax County. This transaction raises the possibility of a new grocer being introduced to replace the closed Safeway within the property. The purchase of this retail center was completed for a total amount of $17.1 million.