In the News
Thursday, September 1, 2016
Fairfax County Times: Herndon Kmart Sells for $7 Million
The Fairfax County Times‘ Gregg MacDonald reports:
“The Kmart in Herndon now has a new owner.
Sterling Organization, a private equity real estate investment firm headquartered in Palm Beach, Fla., has announced the off-market acquisition of the Kmart at Herndon Centre for $7 million.
Kmart at Herndon Centre consists of 7.6 acres of land with an 84,180-square-foot building that is currently occupied by a Kmart store. It is unknown if Sterling will keep the current store or put in a new retailer.”