Klein Enterprises Acquires Market at Opitz Crossing

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Provided by Klein Enterprises

Klein Enterprises has acquired Market at Opitz Crossing, a 157,724 square-foot shopping center located at 2141 Opitz Boulevard in Woodbridge, from the Sterling Organization for $29.25 million.

Market at Opitz Crossing boasts a truly diversified tenant profile, anchored by a PriceRite Supermarket and offering Woodbridge residents access to a variety of dining, shopping and other service-oriented facilities. Major national tenants include a brand new Chipotle outparcel opened in April, Advance Auto Parts, Dollar Tree, Checkers, Subway, BB&T, Taco Bell, Edible Arrangements, Papa Johns, Hair Cuttery, Mariner Finance, Quest Diagnostics and T-Mobile.

“We are excited to add Market at Opitz Crossing to our ever-expanding portfolio, and further encouraged by the center’s significant national tenant mix, which serves a fundamentally strong submarket,” said Daniel Klein, president of Klein Enterprises. “Our acquisition is a prime example of our expanding geographic footprint, and we continue to remain focused on bringing our multigenerational investment and management experience to areas throughout the Mid Atlantic.”

The center is Klein Enterprises’ third retail asset in Virginia, following the development of Stafford Corner in 2014 and the company’s acquisition of Pleasant Valley Shopping Center in 2016. Market at Opitz Crossing brings Klein’s Virginia portfolio to almost 275,000 square feet.

Eastern Union Funding acted as the mortgage broker, and Apple Federal Credit Union provided financing for the acquisition.

 

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