Retail center sold in Leesburg

A 61,839-square-foot neighborhood retail center in Leesburg, Va., has sold for $22.2 million.

The property, known as Bellewood Commons, is located at 525 E. Market St. Built in 1988, the five-building property is situated on 5.33 acres and was 97 percent leased at the time of sale.

Bethesda, Md.-based Minshall-Stewart Properties sold the asset to Charlottesville, Va.-based Neuman-Bellewood LLC.

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