Vienna retail center is sold
Toronto-based Avison Young has arranged a $32 million loan for the purchase of a 111,810-square-foot shopping center in Vienna.
Avison Young arranged the acquisition financing for the Maple Avenue Shopping Center, anchored by a Giant Food store and a CVS pharmacy on Maple Avenue East.
The buyer is GRI Maple Avenue, LLC. The lender is PGIM Real Estate Finance.
An Avison Young team of Mike Yavinsky, Wes Boatwright, Jon Goldstein and Clayton Pristou represented the borrower.
In addition to Giant and CVS, the shopping center includes a Michaels arts and crafts store as well as other smaller stores. It is 100 percent leased.
The shopping center occupies 10.5 acres and offers 571 parking spaces.