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SPRINGFIELD, VA. — Cushman & Wakefield has arranged the sale of Backlick Center, a 48,267-square-foot shopping center in Springfield. John Owendoff of Cushman & Wakefield represented the seller, a Dallas-based real estate fund advised by Crow Holdings Capital, in the transaction. Rochester, N.Y.-based Glazer Properties acquired the property for $25 million.
Backlick Center was 91 percent leased at the time of sale to tenants including Chick-fil-A, Advance Auto Parts, Outback Steakhouse and Taco Bamba. Located at 6651-6691 Backlick Road, the property is located 14.6 miles from Washington, D.C., and 13.8 miles from Ronald Reagan Washington National Airport.