Southern Fairfax retail property sells for $14.2M
Kingstowne building fully leased to Aldi, La-Z-Boy, Ashley Furniture
Published
A private buyer has purchased a 7.1-acre retail property in southern Fairfax County for $14.2 million, Avison Young Capital Markets Group announced last week.
The property at 6001 Kingstowne Village Parkway in the Alexandria area, off Telegraph Road, was sold by The Halle Cos. and is fully leased to an Aldi supermarket, a La-Z-Boy store and an Ashley Furniture HomeStore.
An Avison Young Capital Markets team including Jonathan Hipp, principal and head of the U.S. net lease group; Richard Murphy, senior vice president; Chip Ryan, principal, and Matt Weber, senior vice president, represented the seller. Michael Patz of KLNB represented the buyer.
The Halle Cos. is planning a redevelopment nearby, with more than 600 new apartments set to be completed in Kingstowne Towne Center, according to Avison Young.
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