FIRM PURCHASES MAJORITY INTEREST IN TWO VIRGINIA CENTERS

WINCHESTER, VA. — JBG Rosenfeld Retail has purchased a 76 percent interest in Winchester Gateway and Stonewall Plaza from Bruce A. Grffin LLC, the developer of the centers, for an undisclosed amount. Griffin will retain a 24 percent interest in the properties. Located at the intersection of I-81 and Route 7 in Winchester, the 157,000-square-foot Winchester Gateway is anchored by Martin’s Grocery. The center, which is 94 percent leased, also houses PETCO, Fashion Bug, Sonic, Virginia ABC, Starbucks Coffee, Quiznos Subs and Curves. The 119,000-square-foot Stonewall Plaza, which is anchored by a 68,000-square-foot Martin’s Grocery, is located at the intersection of routes 37 and 522 in Winchester. The center is 89 percent leased and is home to Dollar Tree, McDonald’s, Quiznos Subs and Wachovia.