Festival at Manassas
Manassas, Virginia
JCR's Founder & Managing Partner invests directly in every deal alongside investors.
Investment Details
Summary
JCR is acquiring Festival at Manassas, a 117,565 SF grocery-anchored shopping center anchored by Global Foods on the high-traffic Sudley Road corridor. The center is 93.9% leased with in-line rents averaging 19% below market. JCR already owns and operates two other shopping centers in the Manassas market, leveraging deep local relationships and operational scale to reposition the remaining vacancy, mark rents to market, and execute the Concentra backfill.
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