MANASSAS, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the Seller in the disposition of Portsmouth Station Shopping Center in Manassas, VA. The 147,305 square foot, neighborhood center is currently 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The Property is comprised of two multi-tenant retail buildings along with a corporately leased 7-Eleven outparcel within a densely populated Washington, D.C. suburb.

Petroleum Marketing Group out of Falls Church, VA acquired the asset on October 15th, 2021, for $19,450,000 ($132/SF). The transaction was completed by Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group.  Sharon Schmidt and Berkley Mitchell with Thalhimer’s Fredericksburg office handle leasing representation for the shopping center.