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Target shopping center outside Manassas sells for $31 million

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.

The Center at Innovation is strategically located on Nokesville Road (VA-28) just west of the interchange with Prince William Parkway (VA-234), an intersection considered the “Main and Main” of Manassas. Over 1,000 residential units and one million square feet of commercial development are planned or under construction within three miles of the Center. Completed in 2008 on a 14-acre parcel, the property features five sleek, modern buildings with 482 parking spaces. 

JRC Companies also owns the Signal Hill Shopping Center that was once anchored by Shoppers Food Warehouse, which is now Fresh World Market.

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