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Want to buy a mall? Here’s your chance.

Not sure what to get that special someone for the holidays? Here’s one option: a shopping mall.

Commercial real estate brokerage JLL (NYSE: JLL) is seeking buyers for the Manassas Mall in Prince William County as the bricks-and-mortar retail world faces increasing competition from the global e-commerce industry. The mall at 8300 Studley Road, assessed at about $31.3 million, is owned by an affiliate of Pyramid Management Group, according to county land records. That assessed value is down from about $46.3 million in 2017.

Representatives for JLL declined to comment, and representatives for Pyramid could not be reached for comment.

The 930,662-square-foot center was developed in the mid-1970s and underwent a renovation in 2016. It’s Greater Washington’s 12th-largest mall by square footage, but faces the loss of anchors including Sears, which included the location among those marked for closure.

Per JLL, the mall is nearly 93% occupied and generates overall sales in excess of $200 million.…

Read the full story from the Washington Business Journal.

Sonic Drive-In to open its first restaurant in Northern Virginia’s I-95 corridor

Fast-food chain Sonic Drive-In has filed plans to build a new restaurant in Prince William County, its first outpost along the Interstate 95 corridor in Northern Virginia. The 1,400-square-foot restaurant, with two drive-thru lanes, 12 pull-up ordering stalls and a dining patio, will be located at 4115 Talon Drive in Dumfries, part of the Barracks Row at Quantico commercial development less than a mile northwest of the I-95 interchange at state Route 234. The location “will constitute a flagship Sonic design that will serve as a benchmark for future restaurant drive-thru development,” according to a written narrative accompanying the application, filed by Noah Klein of Venable LLP.
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