Community Corner
New Owner for Lorton Station Town Center Retail
The JCR Companies has acquired the 51,800 square feet of retail space at Lorton Station Town Center for $13.8 million, shortly after scooping up a retail building housing Cork & Fork in the heart of the thriving 14th Street corridor in Washington, DC.
The Lorton Station Town Center, which occupies the ground-floor area directly above the Virginia Railway Express (VRE) commuter train station, was sold by Regency Centers. It is 100 percent leased to 19 local, regional, and national tenants including Wells Fargo, Fireside Grill, Subway, Pan e Vino, FedEx, and others. It is part of a mixed-use project with more than 170,000 SF of office and commercial space and nearly 1,200 single-family homes, townhomes, condominiums, and apartments.
“We are excited about the growth of the Lorton area and the strong year-over-year ridership increases at the Lorton VRE Station,” said Joe Reger, Managing Partner of The JCR Companies. He added that the new ownership plans to reposition about 7,000 SF of retail space that is leased but currently vacant, and hold the property for the long term.Find out what's happening in Lortonwith free, real-time updates from Patch.
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