AmCap Acquires Ashbrook Commons in Greater Washington, DC for $62.3M

AmCap Inc. purchased Ashbrook Commons of Loudoun County, VA, which is ranked as America’s wealthiest county. AmCap made the Ashburn, VA purchase with its US state pension system capital partner for the official purchase price of $62.3 million.  This property is a leading grocery-anchored shopping center and counts Harris Teeter (Kroger), Home Goods, and A.C. Moore among the major retailers of the 34 tenant roster. 

The complex, including pad sites, has a gross area of 198,589 SF.  The property is adjacent to Route 7 (Harry Byrd Highway), one of the most heavily-trafficked highways in Northern Virginia (69,300 VPD).  Route 7 connects the communities of Leesburg, Tysons Corner, and Alexandria, and intersects the I-495 Capital Beltway.   L