Federal Realty sells Barcroft Plaza
Federal Realty Investment Trust has sold Barcroft Plaza to a joint venture of Bain Capital Real Estate and 11North Partners, the Washington Business Journal reported on May 28.
The sales price was $58,025,000, according to Fairfax County tax records. Federal Realty acquired the property in 2006 for $25.1 million.
The shopping center, at 6345 Columbia Pike, was built in the early 1960s.
There are 27 tenants, including Harris Teeter, Glory Days Grill, Aqua Tots Swim Schools, OrangeTheory Fitness, Starbucks, Chay Restaurant, Jake’s Ice Cream, Honeygrow, Taco Zocalo, and Playful Pack.
A fire at Barcroft Plaza on Jan. 1, 2026, destroyed UMS Martial Arts. They have temporarily relocated to a vacant storefront in the shopping center until their original space is restored.
A press release from Bain Capital and 11North says the purchase of Barcroft Plaza is one of five open-air retail centers purchased by the joint venture in a $300 million deal. The others are in California, Florida, and Texas.
“Open-air, grocery-anchored retail continues to demonstrate some of the most compelling risk-adjusted fundamentals in the real estate landscape. We are acquiring high-quality, irreplaceable assets in undersupplied markets at a basis that would be structurally difficult to replicate,” said Brian Harper, 11North’s founder and managing partner.
“Barcroft Plaza is a great property and has served us well for many years,” Barry Carty, Federal Realty’s senior vice president of East Coast acquisitions, told the Washington Business Journal.
“The strong investor demand for high-quality retail in this market gave us an attractive opportunity to recycle capital,” Carty said. The proceeds will support the company’s existing portfolio and expansion into new markets.
Related story: After a fire destroyed UMS Martial Arts, it resurfaced in the same retail strip