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JANAF Shopping Center

From Wikipedia - Reading time: 6 min
JANAF Shopping Yard
JANAF Shopping Yard logo
Map
LocationNorfolk, Virginia
AddressIntersection of Virginia Beach Boulevard & Military Highway
Opening date1959
ManagementWheeler Real Estate Company
Leasing managed by Wheeler Real Estate Company
OwnerWHLR Real Estate Investment Trust
No. of stores and services147
No. of anchor tenants5 [infobox 1]
Total retail floor area1,000,000 square feet (93,000 m2)
Public transit accessVirginia Beach & Military
HRT Bus Route 20
Websitehttp://janafshopping.com/
References:
  1. ^ "WHLR JANAF". Archived from the original on August 17, 2016.

The JANAF Shopping Yard, commonly known as JANAF, is a suburban shopping center located in Norfolk, Virginia. Opening in 1959,[1] it was one of the first large suburban shopping centers in the United States. The name is an acronym for Joint Army Navy Air Force, which refers to the original investment group that was composed of retired and active duty military personnel.[2]

JANAF was built at the north-east corner of Military Highway and Virginia Beach Boulevard on property which had formerly been used as an airfield. It occupies more than 80 acres and encompasses more than 880,000 SF.[3] It is across Virginia Beach Boulevard from Military Circle Mall, an indoor mall built in 1970.

On July 19, 2016, it was announced that the owner of the McKinley, Inc was placing the shopping center up for sale.[3] CBRE Hampton Roads will represent the owner in sales negotiations.[4]

Wheeler Real Estate Investment Trust Inc., a company with a primary focus on grocery-anchored centers, said January 22, 2018, that WHLR-JANAF LLC, a wholly owned subsidiary of the firm, has purchased JANAF Shopping Yard shopping center in Norfolk for $85.6 million. At 887,917 square-feet, JANAF is the largest open-air shopping center in the region. According to CBRE broker Ryan Sciullo who, along with Bill Kent, handled the sale, the transaction represents the largest non-mall retail sale in Hampton Roads in the past five years.[5]

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36°51′31″N 76°12′21.2″W / 36.85861°N 76.205889°W / 36.85861; -76.205889References

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  1. ^ "A look back at the early days of Norfolk's JANAF shopping center". Virginian-Pilot (Jul 20, 2016)
  2. ^ "JANAF Shopping Center|Largest regional shopping center| over 100 national, local clothing, shoe, specialty stores, restaurants, services". janafshopping.com. Archived from the original on July 7, 2016. Retrieved July 20, 2016.
  3. ^ a b Delesline, Nate (July 18, 2016). "JANAF, one of the oldest retail districts in Hampton Roads, is up for sale". The Virginian Pilot. Retrieved July 20, 2016.
  4. ^ "Iconic Power Shopping Center for Sale" (PDF) (Press release). CBRE Hampton Roads. Retrieved July 20, 2016.
  5. ^ Squires, Paul (January 22, 2018). "Wheeler Real Estate Investment Trust acquires JANAF shopping center for $85.6 million". virginiabusiness.com. Retrieved June 7, 2021.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/JANAF_Shopping_Center
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