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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."

Click here to read the article online at