Business

A Bethesda real estate firm has sold the Festival at Manassas shopping center in Manassas for $24.54 million.

Finmarc Management Inc. completed the disposition of the 117,675-square-foot grocery-anchored community center to JCR Companies, according to a company press release. The property at 10288-10388 Festival Lane sits at the signalized intersection of Sudley Road and Portsmouth Road, across from Manassas Mall. It was 88 percent leased and occupied at the time of the sale.


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From neighborhood breweries to local restaurants, Stafford County’s food and drink scene has become a bigger part of community life—especially in North Stafford.

Mark Worrilow of Fathom Realty brings nearly three decades of local real estate experience to Northern Virginia, helping buyers, sellers, and agents navigate the market with professionalism, integrity, and deep community knowledge.


Press Release

The statewide median sales price reached $430,000, a 3.6% increase from August 2024. Despite sales holding flat, higher price points pushed the total sold dollar volume to $5.1 billion, up 4.4% year-over-year.

In total, there were 24,606 active listings statewide at the end of August, representing a 26.2% surge from last year. Buyers also saw more new listings coming online, with nearly 13,000 properties added to the market during the month.


Fredericksburg

FREDERICKSBURG, Va. – The folks at the Fredericksburg Area Association of Realtors just shared their latest housing report with Potomac Local News—and it’s a mixed bag for buyers and sellers.

Even though more homes are hitting the market, sales have slowed compared to last year. Just 491 homes sold in August, down about 8% from 2024. But prices? Still going up. The median home price jumped over 5% to $485,750.


News

According to a listing from Coldwell Banker Commercial, the building is 29,968 square feet and contains five leased units. It sits on 2.158 acres and is zoned B1. The property is located in a high-traffic area, which supports foot traffic for the tenants.

The building is fully leased, and the listing notes that it produces consistent rental income.


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