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Lowe’s Home Center Buys 27.68 Acres in Leesburg

Retailer Planning New 103,000-SF Home Improvement Center in Loudoun County
November 20, 2009
Lowe’s Home Center Inc. acquired a two-parcel assemblage in Leesburg, VA. RR Leegate LLC sold the 27.68 acres of vacant land for approximately $8 million, or about $289,000 per acre, in an all cash transaction.

One parcel is zoned I-1 light industrial and the other is zoned B-3 retail. Both parcels are unimproved, with all necessary utilities nearby. The two parcels are on the southeast quadrant of East Market Street and Battlefield Parkway in Loudoun County.

Bob White at Landmark Commercial Real Estate represented the seller, while Earl Goodman of StreetSense Retail represented the buyer.

Please see CoStar COMPS #1762339 for more information on this transaction.
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