Hastings Marketplace Under New Ownership
Hastings Marketplace, the local shopping center anchored by Harris Teeter, has been purchased by regional developer Black Oak Associates.
The Hastings Marketplace shopping center in Manassas, featuring Harris Teeter, now has new owners. Black Oak Associates, a regional retail developer and investor based in Owings Mills, Md., purchased the shopping center March 4 and was “up and running” on the first day of ownership, said Black Oak partner Dara Hewat. According to the Washington Post, McLean-based firm Rappaport took over the management and leasing responsibility in Sept. 2009 after Rockville-based developer Opus East LLC filed for Chapter 7 liquidation and handed the keys back to the lender U.S. Bank. Opus East is a subsidiary of the Minnesota-based Optus Group “We've been following this property for over a year,” Hewat said. “We started following it very closely when the…
