Business & Tech
Financial Services Company Buys Reston Shopping Center
Plaza America Shopping Center sold for $97.5 million.
Reston's Plaza America Shopping Center has been sold to a financial service firm, TIAA-CREF. That's an acronym for Teachers Insurance and Annuity Association – College Retirement Equities Fund.
The firm paid Angelo Gordon & Co. and Atlantic Realty Co. $97.5 million for the shopping center, according to a report by the Washington Business Journal.
The Sunset Hills Road location features a Whole Foods; the grocery store, according to the report, recently renewed its lease for 15 years.
Based in New York, TIAA-CREF is reportedly the leading retirement provider for people who work in the academic, research, medical and cultural fields.
The shopping center Facebook page hasn't been updated in more than a year.
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