South Lakes Village Center has a new owner. The shopping center was recently purchased by Chevy Chase Land Co. for $62 million, The CoStar Group reports. The center was previously owned by a subsidiary for Cornerstone Real Estate Advisers.
There are no plans for redevelopment of the 110,000-square-foot village center, which was built in 1984 and is anchored by Safeway.
South Lakes currently has only one vacancy, an 888-square-foot space formerly occupied by Yogiberry frozen yogurt.