BRISTOW -- Washington, D.C. real estate firm JCR Companies now owns a shopping center on the outskirts of Manassas, home to a Chick-fil-A and one of the largest Target stores around.
The JCR Companies has acquired the Center at Innovation in Manassas, VA for $31 million. The 101,990 SF shopping center, shadow-anchored by a Super Target, is over 90 percent leased to a mix of national, regional, and local tenants including TJ Maxx, PetSmart, Chick-Fil-A, Tropical Smoothie Café, GameStop, Verizon Wireless, and Red Robin. Holliday Fenoglio Fowler represented the seller, EDENS.
JCR plans to sell the three pad sites that are currently leased to Chick-Fil-A, SunTrust Bank, and Red Robin, and to fully lease the inline space. The new ownership already has begun negotiations with potential buyers for the pad sites.
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