JCR acquires Krispy Korner Shopping Center for $6.7 million
The JCR Cos. of Washington, D.C., has acquired Krispy Korner Shopping Center in Alexandria for $6.7 million.
The property, which formerly housed a Krispy Kreme doughnut bakery, is located at 6328 Richmond Highway (U.S. 1) in one of the area’s busiest retail corridors.
More than 1,000 residential units are planned or under construction within 2 miles of the site, all close to the Huntingdon Metrorail station.
Krispy Korner is JCR’s 10th shopping center acquisition since 2012 and its second this year.
“As we continue the aggressive expansion of our retail portfolio in the greater Washington, D.C., market, we hope to expand into other major markets across the country,” JCR Principal Joe Reger said in a statement, adding that the firm recently acquired and recapitalized 11 retail assets in Florida, Oregon and Pennsylvania.