(Fredericksburg, VA, January 23, 2021) – Coldwell Banker Commercial Elite’s Donny Self, CCIM has successfully leased 3,200 sf on the first floor of the contemporary two-story mixed-use building at 1551 Jefferson Davis Highway to Edward Jones Investments, which plans to open late Q2/early Q3 2021. Donny Self was proud to represent the landlord while Jamie Scully and Chris Russotti with Thalhimer represented Edward Jones. The office and retail space’s exceptional location along highly trafficked Jefferson Davis Highway is truly one of the property’s most dominant attributes.
Edward Jones Investments serves nearly 7 million investors from more offices than any other investment firm in America. They attribute a great deal of their success to their principles and personal, long-term approach to investing. Edward Jones ranked No. 23 on the Fortune top 50 companies to work for, thanks to their combination of flexible workplace policies and a culture that encourages people to make the most of them.
Located in Fredericksburg, a fast-growing, high-income bedroom community of Washington D.C., the property benefits from a strong local customer base as well as commuter traffic and the University of Mary Washington – which is located immediately across the street. The remaining tenancy is extremely stable, with both Starbucks and Chipotle backed by corporate leases and Jersey Mike’s Subs reporting strong sales volumes – significantly above national chain average.
Cowan Crossing boasts such an enviable tenant roster largely due to its strategic position within the affluent and growing Fredericksburg market. Demographics featuring average annual household incomes just shy of $100,000 and 121,026 residents within 5-miles of the subject property within Spotsylvania County. Since 2010, the population density within 5 miles of the subject property has increased by 15% and the county’s population is projected to continue its staggering growth rates, with expectations of increasing population by 80% in the next 20 years.
For more information about remaining available office space in Cowan Crossing, please contact Donald Self, CCIM.
About Coldwell Banker Commercial Elite
As the Fredericksburg region’s largest commercial real estate company, Coldwell Banker Commercial Elite is the premier commercial real estate market leader. Coldwell Banker Commercial Elite was awarded the #1 Coldwell Banker Commercial Affiliate Office in Virginia for the past 4 years! The Coldwell Banker Commercial Elite Team is as dedicated to your success as you are. Our company provides in-depth commercial real estate solutions and services including landlord and tenant representation, buyer and seller representation, property management, investment acquisition and disposition services and development consulting. Our primary focus area consists of the greater Fredericksburg region (Stafford, Spotsylvania, King George, Caroline, City of Fredericksburg), while also servicing the Washington, D.C. Metro area and all of Virginia. For more information, visit: www.cbcelite.com