Saturday, October 2, 2010

HFF closes $26.5 million sale of BJ’s Wholesale Club in Falls Church, VA

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of BJ’s Wholesale Club (lower right photo), an 87,000-square-foot warehouse chain store in Falls Church, Virginia.

HFF senior managing directors Jim Meisel (top right photo)  and Dek Potts (middle left photo) represented the buyer, Zuckerman Gravely Development, in the transaction.  Zuckerman Gravely purchased the property from JBG Rosenfeld Retail for $26.5 million all cash. 

BJ’s Wholesale Club, the third largest warehouse chain in the United States, leases the entire 8.4-acre site through a 20-year ground lease with six five-year options.
 Completed in 2010, the property is located at 6607 Wilson Boulevard close to Seven Corners about seven miles southwest of Washington, D.C. in Falls Church, Virginia.

Based in Chevy Chase, Maryland, JBG Rosenfeld Retail (JBGR) specializes in the leasing, development, acquisition, construction and management of retail properties throughout the mid-Atlantic region.  JBGR’s portfolio contains more than five million square feet of shopping centers, freestanding store sites and mixed-use retail sites.

 Zuckerman Gravely Development, Inc. is a privately held firm that owns and manages numerous office buildings in the central business district, and apartments and retail in Montgomery County and northern Virginia.

James A. Meisel, HFF Senior Managing Director, (202) 533-2500,
Stephen  ‘Dek’ Potts Jr., HFF Senior Managing Director, (202) 533-2500,
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

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