Harris Teeter-anchored Barcroft Plaza in Falls Church trades for $58M

WASHINGTON, D.C., June 5, 2026 –  JLL Capital Markets announced today that it has secured the $58.025 million sale and $35.95 million acquisition financing for Barcroft Plaza, a 113,173-square-foot neighborhood shopping center in Falls Church, Virginia.

JLL represented the seller, Federal Realty Investment Trust. JLL also worked on behalf of the buyer, 11North Partners, in arranging the five-year loan through Bank of America, N.A.

Barcroft Plaza is strategically located at 6345 Columbia Pike at the intersection with Lincolnia Road inside the I-495 Beltway. The property serves an affluent trade area with average household incomes of $144,919 within a three-mile radius and a population of more than 221,000 residents. The center benefits from high traffic counts of 20,700 vehicles per day on Columbia Pike and 12,500 vehicles per day on Lincolnia Road.

The property is situated in Fairfax County, the fifth wealthiest county in the United States, and provides convenient access to major employment centers including Tysons Corner, Amazon HQ2, the Pentagon and downtown Washington, D.C.

Originally constructed in 1960 and renovated from 2017 to 2019, Barcroft Plaza is anchored by a high-performing Harris Teeter. The center is 96% occupied and features a complementary tenant mix, including national retailers Starbucks, Bank of America and 7-Eleven. Credit tenants represent 38% of rental income.

The property comprises 9.91 acres with 529 parking spaces and includes recent additions such as Honeygrow, Taco Zocalo and Playful Pack, which provide a 29% increase in base rent.

JLL Capital Market’s Investment and Sales Advisory team was led by Managing Director Jordan Lex and Senior Director Danny Naughton. Managing Director Chris Knight and Senior Director Evan Parker secured the financing.

"Barcroft Plaza is exceptionally well-positioned within one of the nation's wealthiest and most stable markets," said Lex. "The property's strong grocery anchor performance, credit tenant profile and limited capital expenditure requirements made it an attractive acquisition for institutional buyers."

“We are extremely excited that Barcroft Plaza has become 11North’s first asset in the Mid-Atlantic, further solidifying the region as a desirable market for institutional capital to be deployed in,” added Naughton.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Founded in 1962, Federal Realty Investment Trust is an S&P 500 real estate company that delivers long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. The fully integrated REIT focuses on the ownership, operation and development of high-quality retail properties—from grocery-anchored shopping centers to large-scale mixed-use neighborhoods—across eight major markets characterized by superior demographics, high barriers to entry and significant demand. Federal Realty holds the longest record of annual dividend rate increases among U.S. REITs.

11North Partners is a real estate investment firm redefining the modern retail landscape through disciplined execution, strategic partnerships and data-driven performance. The company owns a collection of market-leading retail assets diversified across geographies and formats, with a focus on quality, superior risk-adjusted returns and long-term value creation. Built on deep industry expertise and institutional partners including Bain Capital, 11North delivers results that combine precision, stewardship and performance at every level of investment.