Norfolk’s Janaf Shopping Center is for sale
Janaf Shopping Center in Norfolk, a well-known shopping destination with more than 147 retailers, is for sale.
The CBRE National Retail Investment Group (NRIG) announced that it has been selected as the exclusive representatives for the sale of the property located since 1959 at 5900 E. Virginia Beach Blvd.
What CBRE referred to in a press release as an “ iconic super regional power center” includes anchor stores such as TJ Maxx, BJ’s Wholesale, Office Max and Petco. The center, at the intersection of Virginia Beach Boulevard and Military Highway, occupies more than 80 acres and encompasses more than 880,000 square feet.
According to NRIG, the name JANAF came from the original investment group that was composed of retired and active duty military. J.A.N.A.F. is an acronym for Joint Army Navy Air Force.
The shopping center hasn’t changed ownership hands since 1991.
R. William Kent, Ryan Sciullo and Kris Knepper will represent the seller.