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Home News Industries Real Estate Manassas shopping center sells for $19.45M

Manassas shopping center sells for $19.45M

Portsmouth Station is 78% leased

Published October 18, 2021 by Robyn Sidersky

Portsmouth Station Shopping Center Photo courtesy Cushman & Wakefield | Thalhimer's Capital Markets Group

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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