Business News • MarketWire • American Realty Advisors Announces the Acquisition of Grocery-Anchored Shopping Center in Prestigious Washington, D.C. Submarket

American Realty Advisors Announces the Acquisition of Grocery-Anchored Shopping Center in Prestigious Washington, D.C. Submarket

American Realty Advisors Announces the Acquisition of Grocery-Anchored Shopping Center in Prestigious Washington, D.C. Submarket

GLENDALE, CA--(Marketwire - Jul 20, 2011) - American Realty Advisors announced today the acquisition of Alexandria Commons, a 145,273 square foot Class A grocery-anchored community retail center in Alexandria, Virginia. Situated on 12.5 acres in the prosperous Alexandria submarket of the Washington, D.C. metropolitan area, the retail center is conveniently located at the highly-trafficked intersection of Duke Street and Yale Drive, contributing to its excellent visibility and accessibility. Michael Gorsage with H&R Retail Inc. represented the seller in the transaction. The acquisition was completed on behalf of one of American's commingled real estate funds.

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