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Manassas shopping center sells for $19.45M

Portsmouth Station is 78% leased

//October 18, 2021//

Manassas shopping center sells for $19.45M

Portsmouth Station is 78% leased

// October 18, 2021//

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The Portsmouth Station Shopping Center in Manassas has sold for $19.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday.

The 147,305-square-foot shopping center is 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The property has two multitenant buildings and a corporately leased 7-Eleven outparcel.

Falls Church-based Petroleum Marketing Group acquired the shopping center on Oct. 15.

The transaction was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group. The firm represented the seller. Sharon Schmidt and Berkley Mitchell with Thalhimer’s Fredericksburg office handle leasing representation for the shopping center.

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