Arlington’s first retail plaza sold Thursday to JWB Real Estate Companies LLC, which paid almost $5.08 million for the Town & Country Shopping Center at northeast University Boulevard and Arlington Expressway.
Jacksonville-based JWB, led by Alex Sifakis, focuses on urban redevelopment and infill housing.
“We are currently evaluating our options for the site,” Sifakis told WJCT News partner the Jacksonville Daily Record on Monday.
He said current leases will be honored.
Property records show Town & Country was developed in 1953 and expanded since then. It comprises about 200,000 square feet of space on almost 19 acres at 903 University Blvd.
An expanded version of this story is at JaxDailyRecord.com.