An 11-building industrial and retail portfolio in Northern Virginia has sold for $58 million. Fairfax-based Aggregate Real Estate Investors acquired the 320,000-square-foot portfolio from Clarke-Hook Corporation, according to a report by Commercial Observer. The portfolio consists of four business complexes in Fairfax and Loudoun counties that were 94 percent leased to more than 90 tenants at the time of the transaction.
The largest asset is West Fairfax Commerce Center, a six-building industrial complex totaling about 150,000 square feet at 14506 Lee Road in Fairfax. The deal also includes University Commerce Center in Ashburn, which has three buildings totaling approximately 106,000 square feet of retail and commercial office space. Aggregate also acquired the 40,529-square-foot Dulles Trade Center in Sterling, near Washington Dulles International Airport, and the 17,200-square-foot McLean Commerce Center on Chain Bridge Road. Dulles Trade Center is occupied by third-party logistics tenants, while McLean Commerce Center is leased to several local service-oriented businesses. The tenant mix across the portfolio includes retailers, restaurants, service providers, manufacturers, logistics companies and automotive-related businesses.
Greg Jacobsen, managing principal at Aggregate, said in a statement that the properties are "substantially leased by stable, creditworthy tenants and provide a strong foundation for long-term ownership where our team can create additional value." The firm plans aesthetic upgrades and new management initiatives across the portfolio while targeting more value-add deals in the region. Aggregate focuses on open-air retail and industrial assets throughout the Mid-Atlantic, suggesting the acquisition aligns with its existing investment strategy.
The report does not disclose financing terms, capitalization rates, or the seller's motivation for disposing of the portfolio. It also does not specify the exact closing date beyond the August 28, 2026 publication, nor does it detail the remaining 6 percent vacancy or lease expiration schedules. Those unknowns leave open questions about near-term income stability and the scope of the planned value-add work.