JCR Buys Manassas Shopping Center, Looks to Invest $100 Million in D.C. Retail Market This Year

The JCR Cos. struck a deal with Edens to acquire the Center at Innovation shopping center in Manassas, VA for $31 million, or approximately $304 per square foot.

The acquisition is the first in what Principal Joe Regen hopes is a banner year for the firm, which is looking to acquire more than $100 million of retail real estate in the Washington, D.C. market. Reger noted the firm is more bullish than ever on necessity-based neighborhood retail,…