Finmarc Management Inc., a Bethesda, Md.- based commercial real estate firm, has purchased two properties in Northern Virginia: a neighborhood shopping center in Manassas for $20 million and an industrial building in Woodbridge for $2.7 million.
The 117,000-square-foot shopping center is located on Festival Lane and is anchored by Global Food. According to Finmarc, the center is 97 percent leased. Bill Kent of CBRE represented the seller, Katz Properties.
“We are extremely familiar with the Manassas submarket based on our warehouse and industrial holdings and believe in the long-term fundamentals of suburban retail product in Northern Virginia,” Sean Sullivan, vice president of Finmarc Management, said in a statement.
